Transitioning to living off savings (drugs, student, 401k, insurance)

[NewbieHere]

Originally Posted by mathjak107

we can only teach so much .... my son earns a fabulous income and his wife is a cpa and runs the tax dept at a popular hedge fund ..but she is anti equities so while they do save , that money is growing at a snails pace .

i gave up trying to educate her on the subject .

That’s crazy and she works at a hedge fund.

[NewbieHere]

Originally Posted by BBCjunkie

Ah, I see. I had no idea that a high profile provider such as Mayo would not accept Medicare as primary, but in context now I can see why.

Makes me wonder if other very-popular retirement locales have similar situations re: Medicare and whether most retirees factor that in to their relocation choices. When I was considering relocation during my late fifties it never crossed my mind, to be honest.

Thanks for explaining.

Interesting, Medicare is always a primary, we have private insurance too. What Medicare doesn’t pay, the private insurance picks up. I think maybe fluffy means if Medicare is the only insurance you have.

[fluffythewondercat]

Originally Posted by NewbieHere

Interesting, Medicare is always a primary, we have private insurance too. What Medicare doesn’t pay, the private insurance picks up. I think maybe fluffy means if Medicare is the only insurance you have.

Medicare plus a supplemental plan isn't enough, apparently.

[mathjak107]

Originally Posted by NewbieHere

That’s crazy and she works at a hedge fund.

they have had some terrible years .. they ended up closing one fund because they could not get traction so they gave investors back their money .

so she goes by what she sees even though most of their problem was betting against the markets

[NewbieHere]

Originally Posted by fluffythewondercat

Medicare plus a supplemental plan isn't enough, apparently.

But they are not the same as secondary insurance.

[NewbieHere]

Originally Posted by mathjak107

they have had some terrible years .. they ended up closing one fund because they could not get traction so they gave investors back their money .

so she goes by what she sees even though most of their problem was betting against the markets

Send her to Bogglehead forum.

[mathjak107]

Originally Posted by NewbieHere

Send her to Bogglehead forum.

she has no interest ... so i gave up ... they make a great living together so they should be fine regardless ..they both earn multiple 6 figures a year in compensation

[TwoByFour]

Originally Posted by BBCjunkie

Ah, I see. I had no idea that a high profile provider such as Mayo would not accept Medicare as primary, but in context now I can see why.

This ^^^^ is not true. My wife has an appointment at Mayo for surgery next week and our primary insurance is Medicare.

[fluffythewondercat]

Originally Posted by TwoByFour

This ^^^^ is not true. My wife has an appointment at Mayo for surgery next week and our primary insurance is Medicare.

At present it's true for getting to see a PCP at any of Mayo's Phoenix metro clinics.

Maybe the specialist clinics are able to take Medicare. Maybe your wife was already a patient before they barred the door.

I love the Internet...people feel free to tell a stranger they're full of crap without considering the possibility that their situation is different.

[fluffythewondercat]

"Please be aware that some specialty practices are closed to new patients with Medicare, even if those patients are currently established in another specialty practice."


https://www.mayoclinic.org/patient-v...rance/medicare