Coping With Retirement Community Group

Being retired is fantastic -- until it isn't. Here to share advice, news, joys and concerns among those who are done with the rat race.

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The Medicare Options Are Perplexing

Group Founderbonusjack
bonusjack

I hate having to compare all the Medicare-related plan options and costs.  Basic Medicare costs $135/month. I would rather not pay more, but that doesn't cover prescription drugs, and has significant copays and annual deductible.  The deductible isn't bad, but the copays can add up if you need lots of meds, surgery or the services of a specialist. 


Group Founderbonusjack
bonusjack
Medicare Advantage plans sound attractive. They all include Part D prescription coverage, and some even have zero additional premium. Unfortunately, the cheap plans also come with a lot of exceptions and restrictions, such as where you can go for medical treatment.

I am thinking of trying one for the first year, to see how it works.
Group Founderbonusjack
bonusjack
I enrolled in a $0 premium medicare advantage plan because I'm to lazy to evaluate the alternatives and too cheap to want to pay for them. Just give me a cyanide capsule and I'll deal with any major medical issues myself.

The $134 deduction from my SS should start this month. foo.
Group Founderbonusjack
bonusjack
I went to the doctor's office a couple of times last month, for recommended vaccinations. There were no out-of-pocket expenses for those, but the doc tried to upsell me some blood tests, which I declined, since they are free only once a year and I feel ok at the moment.

I have learned that the Part C insurance providers can boot you if you use it "too much". I will be probably be stumping for Medicare for All, until the day I die. The USA is one of the few developed countries where people go bankrupt over medical costs, and it's just outrageous that "the system" (i.e. a corrupt government) allows this to happen.
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