This stuff is ridiculously confusing—with Medicare Parts A,B,C, D and more (!) with different rules to follow....
not exactly senior friendly.
not exactly senior friendly.
—
Bureaucrat friendly is all that matters.
Just get them all, even if it is redundant with other private insurance. After you retire, they will hit you up for penalties which will lower your SS payment; any increases in Medicare will be reflected in an increased monthly penalty.
Take a part G plan...
They don’t tell you about that
That's for sure. I would have cheerfully paid a completely impartial adviser to help me through the signup process as I was turning 65. Unfortunately, all of the so-called advice seems to come from insurance salesmen, who are only interested in helping you make the choice that nets them the most money.
I wonder if there would be a business opportunity for someone who really understands the whole system to charge an hourly rate for advice that is aimed strictly at helping the client. Probably not; people would want the heavily-advertised advice that's available for "free".
Oh, it’s a lot worse than that. They use multiple names for the same things and in some cases one name can refer to two different plans.
I lucked out and had an advisor who also shows the insa nd ours of Medicare approaches.
Here is what I got. I went thru Boomer Benefits earlier in July https://boomerbenefits.com and called an agent.
Anthem Blue Cross - Part G = $141.75
Mutual of Omaha - dentist = $31.82
Wellcare Part D = $8.30
Total = $181.87
Medicare Part A & B = $164.90
Grand Total = $347.30 a month.
Part B deductible = $226.00
Drug deductible = $505.00
There are 180 posts here. You may have to log in to read them:
https://www.early-retirement.org/forums/f38/supplement-medicare-plan-questions-118457.html
Here is a good review:
Medicare Advantage vs Medicare Supplement (MediGAP)
https://www.forbes.com/health/medicare/medicare-advantage-vs-medicare-supplement/