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Old 02-12-2016, 12:41 PM
Location: Forests of Maine
30,748 posts, read 49,586,897 times
Reputation: 19180


Originally Posted by NewbieHere View Post
Interesting, I thought people can't wait to get Medicare. How do you manage to find it cheaper than $104 a month. Do you mean you don't pay for part B? Because part A is free if you paid into the system. Am I wrong?
My health coverage is great, from my employer [US Navy].

I have no desire to shift to medicare.
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Old 02-12-2016, 12:46 PM
Location: Albuquerque NM
1,671 posts, read 1,538,646 times
Reputation: 3659
Originally Posted by 2sleepy View Post
I don't think you can opt out of part A, but what kind of private insurance do you have (unless you are still working and have ins. through your employer) that would not require you to get part B?
I don't know Nor'Eastah's rationale but federal retirees can keep their FEHB health insurance in retirement and are not required to enroll for Medicare Part A. It is encouraged that they enroll for Medicare Part A as they have paid the premiums and their FEHB insurance alone may not cover all hospitalization deductibles, coinsurance charges, etc. Medicare Part A will then be the primary and FEHB will be the supplemental. Part B is also optional. Most of the FEHB insurance carriers encourage you to sign up for Part B by waiving their deductibles, co-payments, etc. Current federal employees and retirees pay about 30% of the cost of FEHB insurance so having both FEHB and Part B adds to your expenses although it means very good coverage. So the general recommendation is that if you can afford Part B and it is not a hardship to pay for it or if you have lots of medical issues, go ahead and opt for it. Part D is not necessary as all FEHB insurance carriers have equivalent prescription drug benefits to Part D.
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Old 02-12-2016, 01:29 PM
Location: Iowa
190 posts, read 154,666 times
Reputation: 385
I ran our numbers thoroughly and came up with 85% post retirement take home equalled 100% working take home. Your taxes are 8% higher than mine.

This leaves plenty of room to continue saving.
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