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 10-02-2017, 03:37 PM
 
Location: Sierra Nevada Land, CA
8,395 posts, read 9,141,441 times
Reputation: 13031

Advertisements

I keep reading on this forum about future medical expenses. For example, from another thread:

Quote:
Originally Posted by reed303 View Post
Don't forget to put some aside for future medical, nursing home, care giver, etc expenses.
Sure, nursing home and inhome care, but "medical" expenses? Like what? Mrs5150 and I have Medicare and a CalPers supplement and pay $0 regardless of what befalls us. Same for my retired friends who have the plan F supplement.

Are these medical expenses the result of going cheap with one's supplements? Have I missed something?
Reply With Quote Quick reply to this message

 
Old 10-02-2017, 03:40 PM
 
71,550 posts, read 71,712,424 times
Reputation: 49155
long term care both in home , in a skilled nursing facility or assisted living . little is covered unless you have long term care insurance .

medicare will cover about 100 days under certain circumstances .

also you may need expensive modifications to your home to be able to stay there .

things like travel can cost more as upgrades in seat size and better grade hotels may be needed .



*
What Types of Care Does Medicare Cover?

Skilled nursing care. Medicare helps to pay for your recovery in a skilled nursing care facility after a three-day hospital stay. Medicare will cover the total cost of skilled nursing care for the first 20 days, after which you’ll pay $164.50 coinsurance per day (in 2017). After 100 days, Medicare will stop paying.

Home health care. If you are homebound by an illness or injury, and your doctor says you need short-term skilled care, Medicare will pay for nurses and therapists to provide services in your home. This is not round-the-clock care. Generally, it's for no more than 35 hours per week. With your doctor's recommendation, you may qualify for more.
Reply With Quote Quick reply to this message
 
Old 10-02-2017, 03:43 PM
 
Location: Denver CO
21,177 posts, read 11,780,372 times
Reputation: 32183
I would guess deductibles and out of pocket, and the dreaded "donut hole." My mom has 4K out of pocket limit each year on her Medicare HMO. She doesn't always hit it, but generally does have at least a couple thousand per year in out of pocket medical costs.
Reply With Quote Quick reply to this message
 
Old 10-02-2017, 03:50 PM
 
71,550 posts, read 71,712,424 times
Reputation: 49155
we don't use an advantage plan but we do have medicare and a high deductible f-plan with a 2000 deductible .

but that has nothing to do with our long term care insurance which pays for extended care beyond the limited days and conditions medicare covers . .
Reply With Quote Quick reply to this message
 
Old 10-02-2017, 03:50 PM
 
6,253 posts, read 4,728,813 times
Reputation: 12838
We have Medicare and comprehensive plan f supplemental insurance. My wife has significant drug expenses that are not covered. Eyeglasses and dental are not covered. We average $20-30k per year for insurance and uncovered expenses. LTC, hearing aids and other expenses will eventually take a bigger toll.
Reply With Quote Quick reply to this message
 
Old 10-02-2017, 03:55 PM
 
71,550 posts, read 71,712,424 times
Reputation: 49155
i just started medicare yesterday . i assume the supplements don't pick up deductibles on drugs that your drug plan does not pay , correct ?

the high deductible f-plan has been great for my wife .we save 2k a year on premiums and average 300-400 in uncovered medicare bills . now i took it .

this is the 2nd year in a row my wifes dental was over 10k .
Reply With Quote Quick reply to this message
 
Old 10-02-2017, 03:58 PM
 
Location: Sierra Nevada Land, CA
8,395 posts, read 9,141,441 times
Reputation: 13031
Quote:
Originally Posted by emm74 View Post
I would guess deductibles and out of pocket, and the dreaded "donut hole." My mom has 4K out of pocket limit each year on her Medicare HMO. She doesn't always hit it, but generally does have at least a couple thousand per year in out of pocket medical costs.
I know about the donut hole, I pay less than $5 a month for prescriptions, mrs 5150 about $40. We don't have any deductibles with our supplement nor do our plan F friends.
Reply With Quote Quick reply to this message
 
Old 10-02-2017, 03:59 PM
 
71,550 posts, read 71,712,424 times
Reputation: 49155
well you certainly will have the costs if you need the things jrkliny and i mentioned . the biggest is the long term care potential costs .
Reply With Quote Quick reply to this message
 
Old 10-02-2017, 04:10 PM
 
Location: Sierra Nevada Land, CA
8,395 posts, read 9,141,441 times
Reputation: 13031
Quote:
Originally Posted by mathjak107 View Post
i just started medicare yesterday . i assume the supplements don't pick up deductibles on drugs that your drug plan does not pay , correct ?

the high deductible f-plan has been great for my wife .we save 2k a year on premiums and average 300-400 in uncovered medicare bills . now i took it .

this is the 2nd year in a row my wifes dental was over 10k .
Right on the prescription stuff. So it pays to shop carefully on the plan D. Our CalPers plan comes with a plan D and vision. We pay for a dental plan that's about $700 a year for the two of us.

I am curious how you save $2000 a year on a plan F high deductible when plan F costs $200 a month to start with. At least in CA.
Reply With Quote Quick reply to this message
 
Old 10-02-2017, 04:15 PM
 
Location: Sierra Nevada Land, CA
8,395 posts, read 9,141,441 times
Reputation: 13031
Quote:
Originally Posted by mathjak107 View Post
well you certainly will have the costs if you need the things jrkliny and i mentioned . the biggest is the long term care potential costs .
But I said outside of LTC and in home care, something that few of us will need-something I discovered as an adult services social worker. As well with Mrs5150, an estate planning attorney

Last edited by Mr5150; 10-02-2017 at 04:35 PM..
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