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 01-09-2015, 11:46 AM
 
10,343 posts, read 9,379,305 times
Reputation: 15935

Advertisements

A very important item that may be overlooked is Health Insurance.

If one is on Medicare and has either a Supplemental Plan or an Advantage Plan they need to know what is available in the new location. And although there may be plans available, in more remote areas the monthly premium can be significantly higher.

On Medicare's website, you can Compare Drug and Health Plans by zip code; thereby being able to make sound judgement on the plan you will sign up with.
https://www.medicare.gov/find-a-plan...ookieSupport=1

If a person has any particular health issues that require a specialist, one needs to be aware what is available in the new location.
Reply With Quote Quick reply to this message

 
Old 01-09-2015, 12:21 PM
 
1,831 posts, read 2,597,931 times
Reputation: 1793
Quote:
Originally Posted by katie45 View Post
A very important item that may be overlooked is Health Insurance.

If one is on Medicare and has either a Supplemental Plan or an Advantage Plan they need to know what is available in the new location. And although there may be plans available, in more remote areas the monthly premium can be significantly higher.

On Medicare's website, you can Compare Drug and Health Plans by zip code; thereby being able to make sound judgement on the plan you will sign up with.
https://www.medicare.gov/find-a-plan...ookieSupport=1

If a person has any particular health issues that require a specialist, one needs to be aware what is available in the new location.
Good point as we have a lot to learn yet about Medicare as DH will be signing up later this year. I do know that I plan to keep our current medical insurance, now and later, as supplement and will use its drug plan. I've been told through my retirement system that it's better than those offered elsewhere and given I came from one of the largest employers in my state, I feel we do as well as anyone when it comes to medical and drug plans.

I have heard concerns, however, to check on finding doctors in a new area who will take medicare. So far, knock on wood, we haven't needed to deal with specialists.
Reply With Quote Quick reply to this message
 
Old 01-09-2015, 05:04 PM
 
494 posts, read 880,580 times
Reputation: 1348
Quote:
Originally Posted by choff5 View Post
Thanks. Love the comments so far. Grocery stores, exactly, forgot about that. I chuckled about the extension offices because I know exactly what your mean. I grew up in the country, 4-H, etc. and spent two summers in college working as a youth agent intern.

I'm already a little familair with CDDs in Florida and have heard horror stories about the cost of home owners insurance near the coasts. That partly why if we ever do buy I'm leaning at a condo rather thana SFH. [boldface added] This trip will be "eyes wide open". WhAt we need to do is get our checklist made of what's important.
Condos have their pros and cons, but just FYI, some condos do have CDDs (you need to check out what the situation is with each individual condo you're interested in), and with respect to insurance, you generally aren't immune to Florida's high insurance costs by buying a condo; the costs are just less obvious.

I'm not an insurance professional (just someone who's owned a Florida condo and has researched other ones to possibly buy in the future), so I'm sure what I'm about to say is an oversimplification, and also individual condos have their quirks and departures from the norm (so do your own research, of course). But just very generally speaking, the association is usually using a chunk of the monthly fee you pay as a unit owner to purchase insurance that provides some aspects of coverage, and then there are separate unit owner's policies that cover other things.

So, while giving up a lot of control over insurance decision making (for example, if you buy a condo, you may wish your particular condo association were buying either better insurance or cheaper insurance than what they are buying, depending on your tolerance for risk), you still are paying the bill via those monthly dues. You generally have more choice in shopping for/purchasing your individual unit owner's policy, but that is another bill (for you to pay to your insurance company, in addition to your monthly fee to the association).

I mention this because as someone who considered a number of condos in the early 2000s, when I first came to Florida, and am considering them again (with some hesitations about this form of ownership--I've posted about this on other threads), I've noticed that monthly dues in general, at least in my lower price range, have increased dramatically over the last decade or so. I'm guessing spiraling insurance costs are one of the major factors in the increased cost of owning a condo here.

Not meant to discourage you, just have learned a bit from my own experience about considerations to look into that I wanted to share.

I hope you enjoy your trip to Florida! There are many things I appreciate about my life here, and while no place is right for everyone, I know there are a lot of people who are very happy they chose Florida for their retirement years.

Last edited by City__Datarer; 01-09-2015 at 05:35 PM..
Reply With Quote Quick reply to this message
 
Old 01-10-2015, 05:41 AM
 
10,343 posts, read 9,379,305 times
Reputation: 15935
Quote:
Originally Posted by choff5 View Post
Good point as we have a lot to learn yet about Medicare as DH will be signing up later this year. I do know that I plan to keep our current medical insurance, now and later, as supplement and will use its drug plan. I've been told through my retirement system that it's better than those offered elsewhere and given I came from one of the largest employers in my state, I feel we do as well as anyone when it comes to medical and drug plans.

I have heard concerns, however, to check on finding doctors in a new area who will take medicare. So far, knock on wood, we haven't needed to deal with specialists.
I agree! Also, are certain medical professionals located near your new location; specifically 'specialists'. One town I was interested in appeared to fit all of my needs until I discovered that the nearest specialist I would need to see was over 70 miles away.
Reply With Quote Quick reply to this message
 
Old 01-11-2015, 05:34 PM
 
Location: Cochise county, AZ
4,972 posts, read 3,458,710 times
Reputation: 10494
What a wealth of information on researching new areas. I want to keep Laura's advice alive for all of us just now researching.
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
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