Quote:
Originally Posted by Yooperkat
Another thing is that for folks that don't need Medicare, even as Seniors they are still required to pay into it, right?
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No. For now, one can still opt out of Medicare. Medicare Part A (hospital) has no cost. Medicare Part B (doctors visits, etc.) has a monthly premium of $96.50/$110 depending on when one enrolled. If you delay enrolling in Part B, the premium is increased 10% or more the longer you delay.
High income retirees pay substantially more for Medicare Part B, however. Anywhere from $115.40 to $369.10 per month, plus additional costs for Medicare Part D (drug coverage). I was shocked to learn this. The coverage is not that great and many doctors won't accept Medicare.
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