U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 01-03-2013, 09:24 PM
 
Location: Whereever we have our RV parked
8,787 posts, read 7,707,284 times
Reputation: 15084

Advertisements

I was just speaking today with some already retired folks about their health insurance costs. However, none of them seemed to be able to answer the question, "Combined, how much does your Medicare Part B and D and supplemental insurance policy cost you per month?" Can anyone here answer the question. The wife and I are just trying to figure our cost of living after retirement.
Reply With Quote Quick reply to this message

 
Old 01-03-2013, 09:28 PM
 
Location: MMU->ABE->ATL->ASH
9,127 posts, read 17,145,055 times
Reputation: 9980
Here a link to the one AARP (sort of) sells.

https://www.aarpmedicareplans.com/he...pplement-plans
Reply With Quote Quick reply to this message
 
Old 01-03-2013, 09:34 PM
 
Location: SW MO
23,605 posts, read 31,487,261 times
Reputation: 29071
Quote:
Originally Posted by Prairieparson View Post
I was just speaking today with some already retired folks about their health insurance costs. However, none of them seemed to be able to answer the question, "Combined, how much does your Medicare Part B and D and supplemental insurance policy cost you per month?" Can anyone here answer the question. The wife and I are just trying to figure our cost of living after retirement.
Nothing! My Part B premium is refunded by my pension plan and myh Part D and Supplement are also provided, premium free, under my retirement benefits. But most aren't that fortunate.
Reply With Quote Quick reply to this message
 
Old 01-03-2013, 10:12 PM
 
7,099 posts, read 24,500,052 times
Reputation: 7302
OK, here's mine directly from the new amount for 2013. Monthly.

Amount before deductions. $863.90
Medicare med. Ins. 104.90 I think this is the same for everyone
Drug Plan 40.10 same for everyone.
Net 718.90
It's 'waaayyy more per year than if I just paid it myself. I'm healthy, see my Internist twice a year, my eye doctor, just once.

If I had a serious, on going condition, heart problems, etc. It would be worth it.
Reply With Quote Quick reply to this message
 
Old 01-03-2013, 10:38 PM
 
Location: OH>IL>CO>CT
5,237 posts, read 8,406,103 times
Reputation: 7191
Quote:
Originally Posted by Prairieparson View Post
I was just speaking today with some already retired folks about their health insurance costs. However, none of them seemed to be able to answer the question, "Combined, how much does your Medicare Part B and D and supplemental insurance policy cost you per month?" Can anyone here answer the question. The wife and I are just trying to figure our cost of living after retirement.
Asking others what they pay may seem like a good idea, but is all too often very misleading. The main issue is there is no "one-size-fits-all" aspect to Medicare plans & pricing. A little research at Medicare's website Medicare.gov: the official U.S. government site for Medicare for zip code 79401 (yes, it all can vary greatly by zip code) shows these ranges for 2013:
Part B for most people in 2013 will be $104.90 a month (with higher rates for high income folks)
Medigap supplements range from $23 to $339 per month for the 11 different "letter" plans from 53 insurance companies
Part D plans range from $15 to $108 from 32 different providers.
In addition, co-pays, deductibles, and co-insurance rates will vary substantially. Of course, the above rates increase every year.

I suggest you go to Medicare.gov: the official U.S. government site for Medicare and patiently wade thru the information to be found there, so you can see where your personal situation fits.
Reply With Quote Quick reply to this message
 
Old 01-04-2013, 01:00 AM
 
Location: too far from the sea
19,841 posts, read 18,861,423 times
Reputation: 33748
It's different for everyone and it can be very complicated. There are parts that are required and parts that you choose based upon your needs (that part can be a guessing game because no one is ever exactly sure of what they will need.) There are differences from state to state and differences within each state. For instance, my prescription coverage is free in most of my state but in the area I live, I pay $40/month for it plus co-payments.



There's a helpful program called SHIP that can help answer your questions:



"Each state has its own program dedicated to providing counseling and resources to Medicare beneficiaries. Counselors with each State Health Insurance Counseling and Assistance Program (SHIP) provide services by telephone, face-to-face counseling sessions and public education programs to help more than 45 million seniors and their caregivers nationwide best understand their often complex Medicare and Medicaid health insurance benefits.


SHIP counselors may also:
  • Provide information on long-term care
  • Discuss proper use of prescription drugs
  • Help resolve coverage issues and payment disputes
In short, SHIP programs help fill in any gap between federal health insurance benefits and their intended recipients."

Reply With Quote Quick reply to this message
 
Old 01-04-2013, 03:29 AM
 
10,355 posts, read 9,382,296 times
Reputation: 15949
Part B cost is as stated by other posters; unless you have a very high income. As far as either a Supplemental or Advantage Plan . . depends on what is available in your zip code and what plan you select.

For Advantage Plan, my monthly premium is Zero; no deductibles and there is a $20 copay to my primary doctor for office visits and a $40 copay for specialists. The provider's formulary lists medicines they cover and cost.
Reply With Quote Quick reply to this message
 
Old 01-04-2013, 05:45 AM
 
Location: Whereever we have our RV parked
8,787 posts, read 7,707,284 times
Reputation: 15084
Yes, I knew there was some variance, that's why I asked the question, to get a feel of the range that an average person might pay. And I also asked because I'd rather get real world experience from real folks rather than what the government or AARP tells me. The government has been known to lie on occasion. lol
Reply With Quote Quick reply to this message
 
Old 01-04-2013, 05:46 AM
 
Location: Los Angeles area
14,018 posts, read 17,740,386 times
Reputation: 32304
Good answers from several posters to the effect that there is no one simple answer to the OP's question. I was intrigued by another aspect of the original post, namely the fact that several retirees were unable to state what they are paying for their medical plans. Are that many people really in such a fog about something so basic and so critical? It would be sort of like not knowing what you pay for rent. Scary thought. Or perhaps some of those retirees have an adult child who is taking care of their finances for them, so they feel they have no need to keep track of those things?
Reply With Quote Quick reply to this message
 
Old 01-04-2013, 06:24 AM
 
Location: NC
6,555 posts, read 7,981,951 times
Reputation: 13460
part F $140-$160
part D $35-$70
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top