Wife said what?!?!

[cdaigle430]

Luckily I have healthcare from the VA and National Guard (after age 60). I heard about Christian healthcare from Tractor Time with Tim channel. He talked about what they did for him hen he had his heart attack.

 

[MoKelly]

I worked in the billing dept and managed the insurance contracts at a cardiology office years ago. The "list" price is determined this way if Medicare pays X multiple by 3 (some places will go upto 5x). This happens because the insurance will only pay up to the amount the provider asks for so we have to over shoot it (when they should just pay the contract amount).

So for a procedure we charge $500.
Medicare allows payment of $100
Insurance A pays $80
Insurance B pays $200

If we only asked for $100 we would be paid
Medicare allows payment of $100
Insurance A pays $80
Insurance B pays $100


I'm glad I got out of billing.

Thanks. What a process!

MoKelly

 

[ovrszd]

The key to financial security/comfort is not how much you make. It's how much you spend.

 

[fried1765]

Less, actually. I turn 63 in 3 months. Can't wait to hit 65... $30,000 grand a year for health insurance??? Cut me a freakin break...

I thank God every day for the VA, and Medicare!

 

[fried1765]

As far as health care costs in retirement:

pre-65 it is costly to buy your own insurance.

Once you turn 65 (Medicare) you are home free.
Medicare will deduct $130? from your monthly SS check.
My supplement at age 71 is an additional $130 (more or less) and my drug plan (Part D) is $16-20 per month.
We have NO deductibles or co-pays (in network) and our normal prescriptions (chlorestoral, blood pressure, etc.) also have NO deductibles or co-pay. If you have more prescriptions or more costly prescriptions, the Part D will probably be more, or there may be more or higher deductibles or co-pays. Our agent reviews our meds every year and enrolls us in the most advantageous plan. There was only one change since I turned 65, so even this is not a huge concern.

The supplement premium will rise slowly as I get older.
The prescription (Part D) may also change if you develop cancer, diabetes, heart issues, or some other extraordinary issue.

So, I do not see medical costs to be a problem at this time.
Long-Term Care costs (nursing home) is a concern, tho.

The VA has me covered on all counts, including (I hope) long term health care if needed.

 

[k0ua]

LTC... Long Term Care. Have never sold a single policy. I have presented many. By the time most people even have LTC on their radar, they cannot afford it. You must buy your policy in your 20's, not when you get old and gray and are thinking ahead. Not many 20 year olds give a fig about LTC, It just isn't on their radar at all.

 

[MoKelly]

LTC... Long Term Care. Have never sold a single policy. I have presented many. By the time most people even have LTC on their radar, they cannot afford it. You must buy your policy in your 20's, not when you get old and gray and are thinking ahead. Not many 20 year olds give a fig about LTC, It just isn't on their radar at all.

How true.

Mentioned to my 25 year old son.

He looked at me like I was from Mars. Not on his radar screen. At least he has gotten health care and home insurance.

MoKelly

 

[k0ua]

How true.

Mentioned to my 25 year old son.

He looked at me like I was from Mars. Not on his radar screen. At least he has gotten health care and home insurance.

MoKelly

Many 25 year olds will even buy a life policy, especially if they have wife and kids and a mortgage, but LTC, nope, can't see that far.

 

[k0ua]

Here is the real fun part. Mother in law had an LTC policy and she died without needing LTC, so all those thousands of dollars of premiums went "un needed".

 

[check]

Here is the real fun part. Mother in law had an LTC policy and she died without needing LTC, so all those thousands of dollars of premiums went "un needed".

What I hate is the fact that I have to decide when I retire where my retirement salary goes. I can give it in various combinations to myself, to my wife, or both. And these decisions are based on your best guess about how long you’re going to live. LOL - what is behind door number one?