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Reading a thread on the Health Insurance forum someone stated they wished they could buy into early Medicare.
So here is a question, let's say Medicare allowed those retired 60-64 to buy in early for a larger monthly premium. Would you do it and what amount would you pay for it?
I'm already on Medicare be over 65 years old so it's not something that I have to worry about anymore. That said looking back at the age of 62 I would've bought into early Medicare and I would have easily paid $750 a month for each of us it's a bargain.
I retired at 56 with a pension and a promise/agreement from my company to provide health care to their retirees. The first year the premium was $425.00 a month which I found reasonable. The following year they raised the premium to over $1500.00 a month, which is more than my pension amount. So they technically fulfilled their obligation to retirees while guaranteeing no one would ever use it.
So, yes, I would jump for joy at the expansion of Medicare to younger citizens.
A bill allowing Medicare buy-ins at ages 55-64 almost passed in 2009. It was widely popular with voters in that age range. Joe Lieberman is widely blamed for killing it.
I seriously doubt another buy-in bill will make it that far in the foreseeable future.
A bill allowing Medicare buy-ins at ages 55-64 almost passed in 2009. It was widely popular with voters in that age range. Joe Lieberman is widely blamed for killing it.
I seriously doubt another buy-in bill will make it that far in the foreseeable future.
Interesting. Agree I doubt in current political climate that this would happen but it would be nice speaking as someone planning on retiring soon at 62
How much is Medicare and supplemental? I would retire early to buy into it.
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