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i hope they accept memories at the grocery store . lol
everything in life really has to be a balance. many times we win lifes battles as we make ends meet and we think we are winning but some how we end up losing the war.
thats why i am so big on learning ,planning and going through life with goals.
Actually , they do sort of. All my life experiences has prompted several books over the years. I am reminded of that as I open another royalty check envelope now......lol
It's all way to expensive, for everyone except the rich who have the privlage of keeping a Doctor on retainer year around. There needs to be more competive between these companies and the Governmet.,
obama care already took effect and the increases in rates has been insane. in two years we are up 40% for a family plan.
Didn't New York already have things like "community rating"/"no pre-existing conditions allowed underwriting"/etc or similar things before Obamacare? I always got the impression that health insurance in New York has - for a long time - been extremely expensive compared to insurance in lots of other geographical areas (perhaps as a result of these things). But I honestly never paid very close attention to the subject. Robyn
But when we turn 65 that drops way down because we become eligible for Medicare. The thread is about how much money we expect to spend in retirement. If people choose to retire before age 65, then yes, they have the difficult and expensive problem of what to do about medical insurance.
The cost may theoretically go down. But there's another force at work. The disappearance of highly trained PCPs. Don't quote me on the exact numbers - but I recall reading that about 1/3 of all internists in the US today are over 50-55. Many are planning to retire as early as possible - and there are few people replacing them. Also - there are extreme shortages of doctors who specialize in poorly paid areas many elderly people need - like rheumatology. So people who have means may wind up spending more than they anticipated 5 years ago (I know we're in that boat - as are many people we know in Florida). Robyn
Single payer would be a good start. Regardless of what a lot of naysayers say , Canada has a good system. I have friends in Vancouver, they love it ! Just think , no insurance cos. any more !...By the way, I am very happy with Medicare, works great and I have used it a lot these past 4=5 years.The only part I do not like is the Drug plans. I still have to buy off shore for some meds. that are not covered, or they cut you off at some point, then you pay !
There's actually not one simple answer to that question. Depends on whether you go with traditional Medicare or a Medicare Advantage plan or are perhaps dual eligible for Medicare/Medicaid because you're low income. With traditional Medicare - the cost of Medigap/Part D policies may vary a lot depending on where you live. If you start a new thread - perhaps you can get some detailed answers to your questions. Robyn
Didn't New York already have things like "community rating"/"no pre-existing conditions allowed underwriting"/etc or similar things before Obamacare? I always got the impression that health insurance in New York has - for a long time - been extremely expensive compared to insurance in lots of other geographical areas (perhaps as a result of these things). But I honestly never paid very close attention to the subject. Robyn
We were high but now it is insane. All the insurers we went to told us the same thing.
Those policies the kids had to buy that they are no longer buying has to be paid for from somewhere.
Singles were barely effected but couples and family rates went through the roof.
I sat down and did a budget coming up with the following
We expect to have a retirement income of $4,011 from all sources except savings so we should have $150 or so left over at the end of every month.
We don't want to dig into savings leaving it for emergencies if we ever need it.
This is for both of us but I have to admit there are several expenses I am not so sure of such as the cost of a Medicare supplement. Seeing as how I will be eligible for medicare in a few months I suppose that is something I should look into.
Is $100/month ($200 total for couple) reasonable to expect?
Out of pocket for prescriptions for a couple is $300 reasonable to expect with a medicare supplement?
Seems medical is the biggest area we don't know about.
Then there are areas I know we could cut down on without feeling a huge pinch. Food is high at $150/week and I know we can eat rather well on half that if we watch it. Counting non-food items, such as toilet paper and dish soap, we should be able to do well on $100/week.
Clothing we should be able to cut in half as we should be the Entertainment/Spending money budget.
With new roof, new plumbing and new wiring I really don't expect to spend $433/month for house maintenance but I am leaving that alone for the day we need someone to come in and do the yard work for us.
I sat down and did a budget coming up with the following
We expect to have a retirement income of $4,011 from all sources except savings so we should have $150 or so left over at the end of every month.
We don't want to dig into savings leaving it for emergencies if we ever need it.
This is for both of us but I have to admit there are several expenses I am not so sure of such as the cost of a Medicare supplement. Seeing as how I will be eligible for medicare in a few months I suppose that is something I should look into.
Is $100/month ($200 total for couple) reasonable to expect?
Out of pocket for prescriptions for a couple is $300 reasonable to expect with a medicare supplement?
Seems medical is the biggest area we don't know about.
Then there are areas I know we could cut down on without feeling a huge pinch. Food is high at $150/week and I know we can eat rather well on half that if we watch it. Counting non-food items, such as toilet paper and dish soap, we should be able to do well on $100/week.
Clothing we should be able to cut in half as we should be the Entertainment/Spending money budget.
With new roof, new plumbing and new wiring I really don't expect to spend $433/month for house maintenance but I am leaving that alone for the day we need someone to come in and do the yard work for us.
Some of those numbers didn't make sense. $100 for car maintenance....are you planning on having a 45 year old car or something? Even junk cars, usually don't need $100 a month for maintenance. $40 for an oil change every few months....maybe a $450 tire change for 4 tires, but they last several years.
Clothing is ridiculous too. Who spends $200 a month on clothes...even for two people! That just seems out of the norm unless your rich maybe and want to spend that much. $200 a month when your retired every single month? Unless your wearing new clothes every week that just seems pretty crazy.
Food like you said seems way high too unless your living in the heart of NYC for example.
I get overbudgeting....we do it too with gas every week, but your probably 10-15k over for the whole year. That's like me expecting to pay $125 in gas per week for one car, when I spend $40 perhaps.
If you eally live like this and spend these amounts every month....you are doing damn good compared to the rest.
150 a month may be way to little for the awe craps, especially dental which i do not see at all.
automotove is way off . home insurance has been skyrocketing and with all the claims country wide will be going way higher. we saw ours in 5 years with no claims double.
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