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...What will you be doing when the F goes away?...
Yes, that has been discussed on this forum. Those who are already on Part F in 2020 will probably be wto stay on it. It's only the new people who wont be able to get Part F. And there's a good chance that people like me, who have been refused Part G, will be able to transfer to it then.
Am I understanding this correctly?
Medicare premiums do not go by income or assets but are based on where you live?
My understanding is that Medicare Part B premiums are based on income (from two years prior). Medigap (Medicare Supplement) premiums are based on where you live. Is that not right?
I am trying to plan our retirement and would like to know how much we should budget for medical expenses, including Medicare co-payments, for when my husband and I are both over 65.
We are now 63 and 60, and in good health (knock wood). We will be having all Medicare supplements, but I am not sure if that will actually cover everything. So, if you are part of a retired couple, how much do you average per month for ALL medical-related expenses?
Thank you so much!
P.S. on Edit: I did find the following article. Do you agree or disagree with this, and why?
I agree with the article. Most of my retired, couples on Medicare say they pay about $400 to $500 per month for B and D. Were I you, I would budget about $600 per month which should cover B and D plus the extra drug costs that D does not cover.
My father was healthy at the age of 65, and saw his doctor once a year. Then he got hit by a taxi...
We just finished his taxes. His out of pocket medical costs for last year were almost $20,000, just for him. Medicare premiums, medication co-pays, and many things Medicare doesn't cover or caps (dental, hearing aids, vision, and some specialized medical supplies/treatments that Medicare doesn't cover but are medically necessary). He didn't have any hospitalizations.
So.... you never know for sure. Just tuck that away.
I am thinking that $1,000 a month should be about right, with a bit of a cushion, at least until about age 75. (Please let me know if this is off-base.)
For my 91 y/o mom, she pays
Part A: $110
Part B supplement, plan F, AARP. $244
Part D, AARP, $22.50
She's on a dozen medications. She reaches donut hole around September each year, and then it's about $3000. Most drugs are within reason, but one is $500. Maybe I should check into Canada. If anyone has info on who/where to contact please advise. Dentist averages $1000 year for routine and minor procedures.
For her drugs I use OptumRX using 3 month supply. Now I'm curious if Walgreens would be cheaper.
For my 91 y/o mom, she pays
Part A: $110
Part B supplement, plan F, AARP. $244
Part D, AARP, $22.50
She's on a dozen medications. She reaches donut hole around September each year, and then it's about $3000. Most drugs are within reason, but one is $500. Maybe I should check into Canada. If anyone has info on who/where to contact please advise. Dentist averages $1000 year for routine and minor procedures.
For her drugs I use OptumRX using 3 month supply. Now I'm curious if Walgreens would be cheaper.
Medicare Part A is free. She's paying for Medicare Part B in addition to Medigap (Part B Supplement) Plan F.
And, yes, she should definitely look into the AARP/Walgreens Part D coverage.
At one time I was taking a drug that was extremely expensive here in the US so I had my script filled with a Canadian pharmacy. This was several years ago and I've recently read (on this forum) that some people have had trouble with foreign pharmacies so that's something you need to verify. Below is the link to the pharmacy I used:
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