I said Medicare Advantage becuase that program is advertised all the time. The best plan is the Medicare Supplement for the reasons described above.
I said Medicare Advantage becuase that program is advertised all the time. The best plan is the Medicare Supplement for the reasons described above.
Medicare was invented because it is not a profitable venture to fully insure senior citizens. Private insurance companies would not offer it for the same reason many insurance comapnies no longer offer home insurance on the Florida coast. Thats a fun fact next time you friendly, neighborhood libertarian tells you we should abolish Medicare.
You can choose to have the federal government directly administrate your Health INsurance with a combination of Medicare/medigap....or you can outsource it to a private company which is subsidized by the Medicare program (Medicare Advantage).
AARP has a good introduction and explanation of the pros and cons.
AARP explains the options
But make no mistake - your senior citizen health care in the United States is a liberal-commie-Venezeuala-Big-Government program. And its favorability ratings are higher than any of the private insurance companies that handle the pre-retirement crowd in this country.
Originally posted by: tom
A common misconception about Medicare is that it pays for all one's medical expenses. It does not. If one wants to have everything covered one needs to buy a Medicare advantage. Coverage on htese programs vary and can be cheap to almost $200 per month. Dental is not always covered & neither is nursing home care. If one wants that coverage, one must buy that also.
So to be fully covered, one needs Medicare, purchase Medicare Advantage & purchase nursing home care, which can cost almost $1k per month
$200 is about right. One I quote I saw was for $171, so in the same ballpark. Of course, by the time I'm eligible it will be a good measure above $200 per month. Thanks, Tom.
Originally posted by: Robert Davis
I won't purchase Medicare Advantage. Some of these plans limit the doctors you can see to those withing the network (PPO) and require you to be referred to a specialist. Others don't. I have a really good medicare gap plan that costs me about $140/month and covers what medicare Part A & B doesn't after the annual deductable is paid. My last two surgeries cost me zero out of pocket. Also, those on medicare need to have a part D plan which covers prescription drugs. These can be expensive but mine covers all my prescriptions for free with no monthly premium. I purchase a dental discount plan and a vision plan that cover my needs for a reasonable amount. I'm not worried about nursing home care.
Nice, Robert. You are definitely an AP when it comes to the health care game.
You're totally correct for referencing the Medicare Advantage plan. It is extremely popular and many seniors benefit from having the plan. Living in a rather rural area with limited medical options, it wasn't the best fit for me. Take care.
tom, I just noticed that you never answered the question: Are YOU better off now than you were for years ago?
I know I am. A lot
In order to pay my increased expenses due to inflation I had to take on a 4th consulting gig.
So the answer is NO
Originally posted by: tom
In order to pay my increased expenses due to inflation I had to take on a 4th consulting gig.
So the answer is NO
And in April of 2020, were you scampering all over the countryside, doing your "consulting"?
Be honest, now!
(Of course, it's an idiot question, as who happens to be President has virtually nothing to do with one's personal prosperity.)
Originally posted by: Robert Davis
You're totally correct for referencing the Medicare Advantage plan. It is extremely popular and many seniors benefit from having the plan. Living in a rather rural area with limited medical options, it wasn't the best fit for me. Take care.
It's only necessary because basic Medicare doesn't cover vision, dental, or hearing, because of course, seniors don't need to see, hear, or chew their food.
Originally posted by: Kevin Lewis
And in April of 2020, were you scampering all over the countryside, doing your "consulting"?
Be honest, now!
(Of course, it's an idiot question, as who happens to be President has virtually nothing to do with one's personal prosperity.)
I had 3 accounts & I worked from home. Still do.
Since biden took over inflation has increased almosr 20%; so biden has a lot to do with it. Like I said earlier if biden takes credit for when inflation comes down, he has to be faulted for whn it goes up.
