Community Chat

[Burnsite]

hoosier, I signed up (registered for Part A) at 65 but still get my insurance from my employer for Part B and medicines.

[151949]

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@heart of savino wrote:

lets see.i will get about a 5 dollar raise from SS.now my part B from medicare

goes up  another 5 dollars so i come out even there my supplement goes up 10 dolllars and my part D goes up  10 dollars.now i know why my friends say they can

never retire.i hope everyone has savings assests  or  a nice pension. plus SS...

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Actually your gettingb $5 raise and you premium will go up $4.10 so you will be 90 cents ahead. Don't look a gift horse in the mouth.

[ccassaday]

I believe you have to sign up for all parts or there is a penalty later when you sign up. And watch out with those employee plans you keep after you retire. Most of them will only be like the third payee after all the Medicare if your retirement age.

[hoosieroriginal]

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@NicksmomESQ wrote:

   @hoosieroriginal Who said you have to take Medicare at 65? My dh is 67 & still works full time.We are covered under his employer's health insurance.As long as you work for a company with atleast 20 employees you can stay with their health plan.You will not suffer any penalties when you retire & switch to Medicare if you do it within 8 months.Even the premium will remain as it would have been if you took medicare at 65!!

  If you work for a company with less than 20 employees then you need medicare because in that case it would be considered primary over your employee coverage.

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@NicksmomESQ - I am retired so I think I have to sign up at 65.

[hoosieroriginal]

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@SilleeMee wrote:

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@hoosieroriginal wrote:

I'm not sure why the government requires you to join Medicare at age 65.  I know if I could keep my current insurance, I would - it's much cheaper.  You would think if they could put people off on taking Medicare, they could save some money over the years!  My current insurance is $116/mo.  With Medicare and supplemental, I will be paying around $234 a month. 

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@hoosieroriginal,

Where did you find insurance for $116 a month?

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@SilleeMee - Obamacare - I've been very pleased with my coverage.

[NicksmomESQ]

@hoosieroriginal Is your husband still working? If he is & is receiving medical thru his employer & you're already on his plan you can stay on it.As long as there are more than 20 employees in the company.If you lose that coverage you have 8 months to apply for Medicare with no penalty.And 2 months to apply for prescription coverage.

[SharkE]

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@hoosieroriginal wrote:

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@SilleeMee wrote:

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@hoosieroriginal wrote:

I'm not sure why the government requires you to join Medicare at age 65.  I know if I could keep my current insurance, I would - it's much cheaper.  You would think if they could put people off on taking Medicare, they could save some money over the years!  My current insurance is $116/mo.  With Medicare and supplemental, I will be paying around $234 a month. 

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@hoosieroriginal,

Where did you find insurance for $116 a month?

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@SilleeMee - Obamacare - I've been very pleased with my coverage.

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My sister was on that too, but, it raised! Hers went up to 420 a month she filed for assistance and they're only gonna cover little over 100 of it she has to pay 313 now.

[Lindsays Grandma]

hoosieroriginal...Great post.  Good question, why is it required?  If someone doesn't need it at age 67 why should they be required to take it?  Has anyone ever asked the powers that be that question? 

With Medicare my Aetna Supplement and RX Plan my cost per month now that my Aetna is being increased again will cost me $358 a month.  Did you include your cost for an RX Plan in your $234 estimate?  Happy Holidays.

[hoosieroriginal]

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@NicksmomESQ wrote:

@hoosieroriginal Is your husband still working? If he is & is receiving medical thru his employer & you're already on his plan you can stay on it.As long as there are more than 20 employees in the company.If you lose that coverage you have 8 months to apply for Medicare with no penalty.And 2 months to apply for prescription coverage.

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@NicksmomESQ - not married - I just went to a Medicare meeting and I they talked about making sure you sign up within your window period to avoid penalties. 

[SharkE]

yeah, my Insurance Specialist that only handles older peoples insurance needs stressed that as hard as he could. Told the story of this one stubborn ol' gal who said she didn't take any prescriptions and she'd be da**ned if she was gonna pay for a Medicare Part D plan. Well, you know what happened she went along fine for a few months, then, Bam ! she got hit by some condition, diabetes, I think and she ran back to him wanting a Part D RX plan.   Now, she's paying 89 extra in penalities for not having a plan when she could had during the open enrollment period.

I don't take anything either, but, he put me on the cheapest which was

Humana/Walmart and that runs 17-18 a month with a high deductible of 400 before they pay for anything. Husband takes everything under the sun LOL and he's on Silverscript plan it runs 27 a month and no deductible.