Quote:
Originally Posted by DaveinMtAiry
Since we will probably relocate to another state in retirement I have no idea where to turn to get info. The classes put on by the insurance companies are obviously biased towards their products. Maybe AARP could offer help.
I'm still trying to figure out why you get penalized for applying later than you are eligible.
|
The only substantial difference would be what supplemental policies would be available in , not only what state, but what area of a state. That is not something you can accurately plan for ahead of time.
As for the penalties, I would have to guess it is because the costs are predicated on all eligible Medicare recipients contributing and if you wait 'until you need it' you have skipped the years of your assumed contributions so this is to make it up.
I could be wrong but it makes sense to me (much like the fines for not buying insurance right away under the new ACA)
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.
Medicare Confusion...
