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Old 02-02-2017, 09:45 AM
 
71,463 posts, read 71,629,249 times
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i didn't crash my car , burn my house down or have heart surgery . where did that money go if i didn't get it ?
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Old 02-02-2017, 09:55 AM
 
Location: Lake Placid
307 posts, read 491,896 times
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Originally Posted by mathjak107 View Post
i didn't crash my car , burn my house down or have heart surgery . where did that money go if i didn't get it ?
To hell?
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Old 02-02-2017, 09:57 AM
 
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those who die pay for those who live . that is just how it works . annuity's work the same way if they are life annuity's with mortality credits ..
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Old 02-02-2017, 10:05 AM
 
Location: Lake Placid
307 posts, read 491,896 times
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Quote:
Originally Posted by mathjak107 View Post
those who die pay for those who live . that is just how it works . annuity's work the same way if they are life annuity's with mortality credits ..
Honestly I really didn't know. So I thought it was a good question.

As for the OP.... he made 6 figures and he's complaining about SS income for him. With that kind of income he should have a happy 401k. Wife and I don't even clear six-dollar figure and between us @ 45 years old we're sitting a little over X.X million. But i played the market aggressively then but now more conservatively.

Hope in about 17 years I don't even want to cry a river on SS earnings. But, but if there is something there then I would accept it and use it for farting around money.

Last edited by Tim_Barton; 02-02-2017 at 11:18 AM..
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Old 02-02-2017, 10:29 AM
 
Location: Haiku
4,056 posts, read 2,566,050 times
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Originally Posted by westender View Post
Perhaps 99% of _eligible_ claimants.
Yes that's what I meant. Thanks.
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Old 02-02-2017, 10:39 AM
 
Location: Haiku
4,056 posts, read 2,566,050 times
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Originally Posted by matisse12 View Post
And then they automatically remove $104 (or $105) every month for Medicare from that very low amount of Social Security received monthly.
But that is just a convenience thing. They could give you the full check and then you send a check to CMS. It all comes out the same. Medicare is an expense you are responsible for (if you sign up for it) whether you get SS or not. It is no different than, say, the electric bill.
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Old 02-02-2017, 11:01 AM
 
2,442 posts, read 2,067,677 times
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Quote:
Originally Posted by Tim_Barton View Post
Honestly I really didn't know. So I thought it was a good question.

As for the OP.... he made 6 figures and he's compelling about SS income for him. With that kind of income he should have a happy 401k. Wife and I don't even clear six-dollar figure and between us @ 45 years old we're sitting a little over 1.8 million. But i played the market aggressively then but now more conservatively.

Hope in about 17 years I don't even want to cry a river on SS earnings. But, but if there is something there then I would accept it and use it for farting around money.
OP is long gone, just a drive by poster
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Old 02-02-2017, 11:12 AM
 
2,952 posts, read 1,634,675 times
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Originally Posted by TwoByFour View Post
But that is just a convenience thing. They could give you the full check and then you send a check to CMS. It all comes out the same. Medicare is an expense you are responsible for (if you sign up for it) whether you get SS or not. It is no different than, say, the electric bill.

Can't wait to go on medicare, how pathetic is that! 30 years ago no one at 60 would say that.

Pay $919.00 per month for health insurance. Yes its a good policy. Bought through the exchange. No I get no tax payer money bennies. Self employed - pickings for insurance suck in this state.

But my husband who has excellent medicare and supplement pays about $480.00 He can go anywhere in the country for care. Never has a co pay.

Yeah I got insurance envy.
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Old 02-02-2017, 12:43 PM
 
Location: Northern panhandle WV
3,007 posts, read 2,167,665 times
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Quote:
Originally Posted by foundapeanut View Post
Can't wait to go on medicare, how pathetic is that! 30 years ago no one at 60 would say that.

Pay $919.00 per month for health insurance. Yes its a good policy. Bought through the exchange. No I get no tax payer money bennies. Self employed - pickings for insurance suck in this state.

But my husband who has excellent medicare and supplement pays about $480.00 He can go anywhere in the country for care. Never has a co pay.

Yeah I got insurance envy.
I am in a very similiar position. After husband retired I had to find Insurance for myself, he went on Medicare with a program almost exactly like your, I got a blue cross plan from the exchange for 919 a month the first year, no subsidy, then this year I got a plan that was less comprehensive and was 1145 a month but had a subsidy bringing it to 622 a month which I have to pay until June when I turn 65 and go on the plan like my husband has. Trying to not use the plan I have in the mean time unless there is an emergency. Co -pays are 60 for reg doctor and 115 for specialists which I have a few of that I see.
I also have insurance envy.
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Old 02-02-2017, 01:36 PM
 
71,463 posts, read 71,629,249 times
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same here , my wife is on medicare and a supplement . she is happy with it , her doctors and hospital all accept it and it cost us 1/2 of what i pay for coverage until i am 65 . i pay 6200 a year and have a 4500.00 deductible and out of pocket . it's a joke but it ain't funny
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