Posted on 11/13/2021 2:52:22 AM PST by zeestephen
The standard premium for Part B will be $170.10 next year, far above the earlier estimate of $158.50...The deductible for Part B will be $233, up $30 (14.8%) from this year...Meanwhile, the deductible for Medicare Part A (hospital coverage) per benefit period will be $1,556 in 2022, up $72 from this year’s $1,484.
(Excerpt) Read more at cnbc.com ...
In the meantime, my investment grade ETF bond fund is paying 1.98% compared to 2.30% last January, and my riskier non-investment grade ETF bond fund is paying 3.99% compared to 4.5% last January.
Remember... higher prices are good!
It’s a real bi+ch being retired and watching a life time worth of savings being ravenously eaten away by the results of rampant DC (both sides) incompetence. What to do? I guess we could climb up to the top of that teetering propped up stock market and roll the dice there. I guarantee there will be fools celebrating as a Biden Godsend the lousy 6% increase we’ll see in social security.
And here’s the real kick in the azz, we can’t vote them away thanks to Republican leadership accepting the Steal.
A way to increase taxes without Congressional action.
So much for the 6% SS increase.
Biden says lower your expectations.
That’s just ducky. This will be the third straight year my SS pittance will be less than the previous year.
Anybody else here opt out of part B? I’m finding self-pay discounts are good but medical billing is a crooked mess.
Older people who think the Dems will save their entitlements are realizing they’ll just diminish the value of their fixed incomes while increasing their costs. After the USSR collapsed retirees still received their pensions - but they bought very little.
Yes, Medicare rise, the deductibles rise and all the inflation will eat all advertised Soc. Security rises.
As a matter of fact, the older people will be the most hurt by the Biden inflation. Unlike younger people, who may get rises compatible with inflation, older people live out of Soc. security and lifetime savings which are being hit by inflation.
I dont rely on SS as my sole source of retirement income nor would I expect an investment in bonds as a good source of investment and I wouldnt be living in any rent associated housing....
The choices we make early in life have lasting effects. Some by choice, some by circumstances.
In fact a we all l balanced portfolio of short term investor grade bonds along with time proven equities is an excellent hedge against inflation.
That said I would not commit money you know will be needed in the next 3 yrs or so and you also should keep at least 12-18 months of expenses in cash.
Lower your expectations, citizen!
2. Let the kids walk back into the US first, then you follow later.
3. When you get the $450 K from Joe, send me 10%
Signed,
The Big Guy
I’ve paid Social Security taxes for the last 6 decades. I’ve paid Medicare taxes since its inception. I still work, so I continue to pay them now. When you combine all the pay check deductions, premiums, Parts, co-pays and taxes, the Medicare cost for me and my wife right now is over $10,000 a year. Since we we were forced out of our insurance and into Medicare, we have had few medical costs to offset this.
I acknowledge to you paying Obamacare premiums that this is a bargain. That is, until you offset that we’ve been paying into it for well over a half century, and only receiving “benefits” for a few years.
The real point, though, is that Medicare is an unsustainable cost to the medical community. During the decade that we were forced into Medicare, I’ve had three procedures (two biopsies and an eye surgery) that generated a healthy bill. In each case, the total bill for the procedure was between $3,000 and $4000. In each case, the Medicare total payment to the doctors, hospitals, and co-pays was less than $300. The actual Medicare Payment was always less than 10% of the cost. In each case, the hours of doctor’s and medical personnel’s time, The floor space, and multimillion dollar equipment was offset by a pittance from Medicare.
At some point, the doctors and hospitals will refuse to do the work. Then what?
This is going to send more seniors onto Medicaid.
Note to NYS taxpayers: INCOMING!!!!
Neither do I.
Re: nor would I expect an investment in bonds as a good source of investment
What is your steady source of cash income each month?
Re: I wouldn't be living in any rent associated housing
I have never wanted the burden - or lack of mobility - of home ownership.
If I had been born in the early 1900s, I would have lived in a nice hotel room for my entire adult life. If something goes wrong in one hotel, you just pack your suitcase and your trunk and move to a new hotel.
And here’s the real kick in the azz, we can’t vote them away thanks to Republican leadership accepting the Steal.
I am as disgusted as you about the Republicans (and the courts) lack of fortitude in fighting against the obvious steal; however I tend to blame those who perfected the Art of the Steal !
Somebody has to pay for the premium healthcare all the illegal criminals are INTITLED TO.
Wasn’t a slam.. Personal opinion.
My investments aren’t high risk I’m at a 50/50... conservative/moderate risk but my return on investment is greater than inflation and what I take out... Never guaranteed but its growing not diminishing.
Wife and I have several checks a month coming in.
We rented for years, plus military housing had a couple homes so I moved enough all over the world and we built our retirement home in the mountains a couple years ago. Not a neighbor in sight by design and surrounded buy 87000 acrec of USFS land.
As the country goes to hell, I can survive off the land around me with no problems even our kids and grandkids said they’re coming here when the shxt hits the fan.
Different strokes as they say.
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