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66, PA, on Medicare with supplement plan offered under a statewide employee plan listed below:
If you keep Original Medicare, you can supplement it by enrolling in the HOP Medical Plan. This Plan covers many of the deductibles, coinsurance and other expenses that you are required to pay under Original Medicare. In addition:
1). You have the freedom to use virtually any health care provider (doctor or hospital) you want.
2). You pay nothing for covered hospital and medical expenses, except for $10 per physician visit or $15 per specialist visit.
3). You’re covered anywhere in the United States and abroad when you are traveling.
4). You can add prescription drug coverage by enrolling in the Enhanced, Basic or Value Medicare Rx Option.
- Basic Medicare Rx Option: the Basic Medicare Rx Option has no deductible, but provides a lower level of coverage than the Enhanced Medicare Rx Option for certain medications.
5). You can enroll in the option that includes dental
Medicare deducted from SS - ~$130/month,
additional coverage listed above - $250/month (of which I receive a $100/month rebate).
Zero Premium (ACA Plan) Zero Deductible, $2400 Total OOP Per Person, $15 doc CoPay, $35 Specialist CoPay. 2 People 60, 64 respectively. Medicare for me Next Year.
Just curious... if it's ok to ask but does this mean your Medicare will also cost nothing?
I'm nearly 66 and still working. My decent company plan is about $30/month, dental is $6/month, vision free. I went on Medicare anyway, but have not used it. My medical co-pay is $35
My 62 year old wife pays $810.00 a month with a $6,500 deductible, and a $50.00 co-pay. No health problems.
Getting shafted in my mind.
Mine would have been about $1250 a month this year but I started Medicare March 1. Since I'm still working and have a decent income I'm paying Medicare level 2 premiums of about $230 a month plus $120 for a plan J plus $22 for drugs for a total of about $380 a month.
That's still high but way lower than the $1250 I would have been paying.
Michigan, age 59, $218 a month for a high deductible company retirement subsidized Aetna health plan, no dental coverage. On the other hand, my wife also age 59 is covered by a high deductible Blue Cross/Blue Shield plan, and hers only costs slightly less than $100 a month. She's still working though.
I can't find any individual person dental coverage that's worth the high monthly cost, and it's not offered as part of our retirement benefits. I'm way too young to qualify for Medicare yet.
Trying to budget for the cost of a 65 year old on Medicare. Traditional Medicare.
Not sure when we are taking Social Security but healthcare is a huge factor in that decision.
We live in California if that makes a difference. I suspect it doesn't
Curious as to what you all pay for your healthcare, your age, and your State.
Also if that includes your dental care.
Thank you ahead of time
Quote:
Originally Posted by Penny4YourThoughts
Just curious... if it's ok to ask but does this mean your Medicare will also cost nothing?
Medicare is free. It's the supplemental Medicare plans that cost money.
Quote:
Originally Posted by Clemencia53
This Medicare thing is confusing. I have years to go to qualify, but just listening to the conversations of those that have it and the different sub plans is crazy.
It's really not that confusing.
Medicare Part A is free. You paid the HI (Medicare) Payroll Tax of 1.45% (since 1990). It covers hospitalization, nursing home rehabilitation for up to 28 days, hospice and will cover some in-home care for a limited time.
Medicare Part B is paid through a premium. The cost of the premium is currently $137/month if your income is $85,000 or less. The premium is deducted from your monthly Social Security check in most cases. If for some reason you chose not to enroll in Part B, and then decide later to enroll in Part B, you must pay a penalty of 10% of the premium for each year you were not enrolled. Example: you did not enroll or disenrolled, and then re-enrolled 2 years later. Your new premium will be at least $164.40/month, until the day you die. If you are covered by the VA, Tricare or other health plan through your pension, it might not make sense to be enrolled and pay the Part B premium. Medicare Part B covers doctor office visits, most medical services and supplies, preventive healthcare, and a few other things, but not dental. You have costs. There is a yearly deductible which I believe is currently $183 per year. After that, Medicare Part B covers everything at Medicare rates. If the cost of the service is more than what Medicare pays, you're responsible for the rest. There are also co-pays for which you might have to pay.
Medicare Part C is also known as Medicare Advantage. You enroll in a PPO, HMO, PFFS or MSA. You must have both Medicare Part A and Part B to enroll in a Medicare Advantage plan. Why enroll? With Medicare Part A and B, you are limited to only those healthcare providers that accept Medicare. Medicare Part C gives you the freedom to choose other healthcare providers. Many, but not all Medicare Advantage plans cover prescription drugs. Since the costs of these plans varies wildly State-to-State, there's little point in discussing that here.
Medicare Part D strictly covers prescription drugs. If you're one of those people who takes a dozen or more prescription drugs each day, Medicare Part D might make financial sense. Some people have Medicare Part A and B, and then enroll in a Medicare Part D plan to get prescription drug coverage. However, note that you're limited to the formulary your provider has. If you want to use name-brand in lieu of generic drugs, then carefully review the formulary your potential provider offers. Most providers present their formularies on-line.
Zero Premium (ACA Plan) Zero Deductible, $2400 Total OOP Per Person, $15 doc CoPay, $35 Specialist CoPay. 2 People 60, 64 respectively. Medicare for me Next Year.
Retired 63, wife 62 great coverage but $1,900 per month. Previous employer kicks in $400 so out of pocket $18,000 per year....ouch. Couple of years it will all be behind me and the $400 from employer will continue. The cost of early retirement.
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