In retirement, what budget items did you underestimate or overestimate? (friend, 16 year old)
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Medical and dental costs have been high. We switched from charter cable to AT&T for cable and internet. In 2 years when rates get to high we will switch again. Travel cost more than expected.
If you are on Medicare and have the supplemental plan, are the medical costs that much higher?
If you are on Medicare and have the supplemental plan, are the medical costs that much higher?
Are there a lot of things not covered?
Dental I can see.
I have Medicare Part B and my Blue Cross from my employer which I pay the same premiums as an FTE. My health care costs have gone way down. I pay $134 for Part B and $150 for BCBS and have zero out of pocket costs for any care I receive and no deductible costs. BC even gives me $600 a year since they are so happy to be the secondary payer. I have prescription costs but the BCBS plan pays for almost all of that. I have a vision plan from my previous employer and I can get dental if I want it.
Dental. Even though we have Delta Dental via my ex-employer. But I am dental phobic and require IV sedation for crowns, extractions. THAT is pricey!!
But luckily I overestimated everything else.
Retired at age 50 in 2003 and lived well with my pension (never touched the IRA monies). We got SS a few years ago and it's just gravy. We donate most of our SS checks to charities.
If you are on Medicare and have the supplemental plan, are the medical costs that much higher?
Are there a lot of things not covered?
Dental I can see.
My dad's Medicare supplement runs $252/month and covers "everything that Medicare doesn't." That means that if it's an expense Medicare covers, but doesn't cover 100%, the supplement will cover the rest with no out-of-pocket costs.
Expenses not covered by Medicare (dental, some vision stuff) aren't covered by the supplement, either.
Bette, I just turned 65 so I am only on Medicare A and B because DH is 60 so I had to stay on my employer insurance. This costs between 9-12k/year. My CPAP machine caused all my teeth to rot from the inside out so by the time it was discovered I lost my teeth. 33 k/ for the implanted bridge called 4 on 4 on the bottom and 4K for denture on top.
I've lived in three homes in two states since I retired. It is hard to estimate expenses that way but my car insurance is more than I anticipated. State taxes are a mess because no one will do withholding for my state tax. Most everything else is a bit lower. I tend to overestimate on major projects.
Bette, I just turned 65 so I am only on Medicare A and B because DH is 60 so I had to stay on my employer insurance. This costs between 9-12k/year. My CPAP machine caused all my teeth to rot from the inside out so by the time it was discovered I lost my teeth. 33 k/ for the implanted bridge called 4 on 4 on the bottom and 4K for denture on top.
I bet the dental cartel is putting the fear of sleep apnea in everyone just like they’re trying to convince us gingivitis will give us heart disease.
I bet the dental cartel is putting the fear of sleep apnea in everyone just like they’re trying to convince us gingivitis will give us heart disease.
Is that remark really necessary?
I doubt anyone uses a CPAP device if they don't absolutely need it. Indeed, compliance is a big issue with patients.
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Just a question...
