Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (37) | Ignore Thread Prev Thread | Next Thread
Author: thedofca100 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19224  
Subject: Help! medicare costs more than regular insurance Date: 6/25/2008 12:12 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
My husband is just becoming eligible for Medicare. We are both stunned to find how much more it will cost us to be covered under Medicare than it did when he was retired but paying for our insurance through his company.

I know that the company was picking up some of the expense but I thought Medicare was supposed to be cheaper in any case.

Here are the exact figures.

We paid $135 to be covered under PacificCare with the company for the years age 60 to 65 for my husband. That amount covered both of us. We could have taken Blue Cross/Blue Shield for $165 a month if you want to compare apples to apples.

Now my husband is starting Medicare.
Medicare Part A is free
Medicare Part B is $65/month although we were orginally told $95 so who knows.
Supplemental insurance which is Blue Cross/Blue Shield is $150/mo.
My insurance is $65 since I'm still under PacificCare.

Our monthly insurance cost just went from $135 to $280 and when I get to Medicare it will go up to $461. Also we now have huge deductibles with BC/BS of $250/$1500 per person.

I know that PacificCare was an HMO but it included Palo Alto Medical Foundation and UCSF so we were comfortable. To get them as an Advantage Plan it drops all our local hospitals and doctors and we have to drive a couple of towns away and they have very few specialists so that wasn't an option.

So in our retirement years we go from $135/month to $461/month with huge deductibles. This is Medicare? The medical insurance to protect the elderly?

What in the world does Medicare actually cover if we have to pay such a large fee to BC/BS? They are charging so much I feel as if Medicare A and B must cover nothing.

I am sure this has all been hashed out before on this board so if you can point me to the place I'd love to read it. I would also like to find out where I can get actual details as to what Medicare covers and what BC/BS will have to cover (after the $1500 deductible, of course).

Thanks for any explanation you can give me.
Diane
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post Back To Top
Author: 0x6a74 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13534 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/25/2008 12:34 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
So in our retirement years we go from $135/month to $461/month with huge deductibles. This is Medicare? The medical insurance to protect the elderly?


yup. basically -- your $135 was extremely low (for what most others pay --i was paying $322 just for me, for COBRA.. i'm paying about the same for Medicares).
And Medicare won't 'turn you down'/'cancel' you -- private Ins. could and often would.

it's a great deal for most (alots) because there wasn't be anything like
affordable for them ....



What in the world does Medicare actually cover if we have to pay such a large fee to BC/BS? They are charging so much I feel as if Medicare A and B must cover nothing.

I am sure this has all been hashed out before on this board so if you can point me to the place I'd love to read it. I would also like to find out where I can get actual details as to what Medicare covers and what BC/BS will have to cover (after the $1500 deductible, of course).


i don't know that it's been hashed out here (or on any board) ...

your husband should be getting a big thick pamphlet explaining Medicare.
there's also the web ( medicare.gov ,iirc ) for details

roughly (iirc) part-A pays only hospital; part-B pays other medical, but only 80% or so, and there's deductible, -supplemental pays the rest of Other and sometimes (depending on plan) the deductible.
part-D pays part of Rx's.

HTH........

=j

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post Back To Top
Author: khintul Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13535 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/25/2008 12:57 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Our monthly insurance cost just went from $135 to $280 and when I get to Medicare it will go up to $461. Also we now have huge deductibles with BC/BS of $250/$1500 per person.

Diane,

Now your work begins - I'd suggest going to medicare.gov and looking at all the information that's there. Different areas of the country have different supplemental policies, so you'll need to see what's available to you in your area.

Try not to get discouraged; there's lots of reading and comparing to be done, but I think you should be able to find some hope. I know for me, after I went through all that was available and finally chose a plan, my monthly costs went down drastically.

It was much better for me to give up the benefits offered by my former employer and go on my own. I now have basically the same coverage I always had while working, but the premium is only $20/month in addition to the Part B amount (which, by the way, is $96.40 for me this year). I had been paying $266/mo under my former employer's plan.

Good luck, and again, don't be discouraged.

Karon

Print the post Back To Top
Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13536 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/25/2008 12:59 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
<<We paid $135 to be covered under PacificCare with the company for the years age 60 to 65 for my husband. That amount covered both of us. We could have taken Blue Cross/Blue Shield for $165 a month if you want to compare apples to apples.
>>


Why such a cheap deal? Was this subsidized by a previous employer, perhaps?


Personally, I pay $815/month for my individual health insurance coverage ---that's for one person at age 58.



Seattle Pioneer

Print the post Back To Top
Author: putnid Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13537 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/25/2008 1:20 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I heard/read somewhere, recently, that the average cost of health insurance (for an individual) is $600/month.

Print the post Back To Top
Author: billjam Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13538 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/25/2008 1:20 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 13
Your situation illustrates why it's hard to get a concerted effort in this country to attack rising health care costs: the majority of people have no idea what health care costs. You had highly subsidized insurance through your husband's employer. Only when you lost that did you see the true cost of health insurance.

I'll pay over $5300 this year for Blue Cross with a 20% co-pay and $2500 deductible. Judging from increases of 14% and 13% last two years it will be over $6000 in 2009. That's just for myself, and I have no medical conditions. With so much going out for insurance and faced with even more out-of-pocket if I have claims, I'm avoiding some preventative/diagonostic physician visits which I probably should have at age 63. Hopefully I'll be able to wait until I'm on Medicare for them. Yes, because I pay 100% of my own insurance and deductible, Medicare will be a significant savings for me.

If more people really understood how much their insurance was costing their employer, whether private or public, I suspect there would be a mass movement to improve our health care system. We certainly are in the position to provide top-notch care in this country, but we have a crazy hodgepodge way of paying for it. And too many people get left out because they just can't afford it anymore.

Print the post Back To Top
Author: putnid Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13539 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/25/2008 1:34 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
"If more people really understood how much their insurance was costing their employer, whether private or public, I suspect there would be a mass movement to improve our health care system. We certainly are in the position to provide top-notch care in this country, but we have a crazy hodgepodge way of paying for it. And too many people get left out because they just can't afford it anymore."

You are absolutely correct! Our Kafka-esque, byzantine health insurance system will eventually bankrupt us all. Consider that 40 cents of every healthcare dollar goes to administrative costs. Other industrialized nations have come to grips with healthcare costs (and with better health outcomes). Why can't we? (notwithstanding that the insurance lobby is one of the most powerful of all in Washington).

Print the post Back To Top
Author: TwoCybers Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13540 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/25/2008 2:11 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
If you like the HMO type deal, you can get that through Medicare -- it is called "Advantage" -- all the insurance companies have them. Many of these programs include some drug coverage. All I have heard about reduce of eliminate the Medicare Supplemental premium.

Your costs most likely were be subsidized by your husband's employer. Just so you realize the deal you are getting, by law (Congress decided this), the Medicare Premiums paid by retirees cover 25% of the total cost. The remaining 75% is from working folks.

Your medicare supplement is not subsidized, but in round figures, that is about 20% of the medical bill.

Lastly once you are 65, do not forget Medicare Part D -- failure to enroll in that will cost you a 1% per month penality for life. So decide to skip for 1 year, and you will pay 112% of the normal premium no matter what plan you select until you die. You can find some lower cost plans which make sense if you are healthy. You can switch once a year if you need more medicines in the future.

Switching Medicare Supplemental policies is not guaranteed -- it can be done only if the new insurer wants you, with one exception -- if your current insurer stops issuing coverages, you will get some coverage but maybe not what you want.

Gordon
Atlanta

Print the post Back To Top
Author: Trini209 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13541 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/25/2008 2:12 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
You may not have any medical conditions now, but unless you're lucky enough to die suddenly, you'll definitely start needing this or that treatment for something one of these days in the not to distant future. I'm shocked every time a medicare statement arrives and I see what various medical treatments cost.

Wait till you're a little older - - you'll see. I'm basically very healthy for a woman over 70; I take no regular medicines. No problems with heart, no diabetes, none of the other things most people my age seem to be developing, but medical expenses are high none the less.

I had a cataract removed last month. It's a 1/2 hour procedure, was done in a hospital, but as an "outpatient." The hospital bill was $5,000. Yikes! That doesn't include the surgeon's fee, the anesthesiologist's fee, and maybe some other fees (I haven't gotten all the statements yet.)

A year and a half ago, I had both knees replaced. I added up the doctors' fees, the hospital (3 days each knee), the re-hab center (10 days each knee), the visiting nurse, the physical therapy, and was shocked to determine that each knee cost about $60,000!

I am VERY happy to have Medicare and my secondary insurance.

Putnid noted that administrative fees account for 40% of medical costs. Another factor that makes medical costs so high is that we live in a litiginous society, and doctors are so afraid of being sued that they order a great many tests and procedures that are probably not necessary, just out of fear of being sued.

Trini

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post Back To Top
Author: cliff666 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13542 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/25/2008 3:52 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Diane: Our monthly insurance cost just went from $135 to $280 and when I get to Medicare it will go up to $461. Also we now have huge deductibles with BC/BS of $250/$1500 per person.

I know that PacificCare was an HMO but it included Palo Alto Medical Foundation and UCSF so we were comfortable. To get them as an Advantage Plan it drops all our local hospitals and doctors and we have to drive a couple of towns away and they have very few specialists so that wasn't an option.

Others have already pointed out that your husband's employer was paying most of te freight for your insurance, now it doesn't, and you get a not-so-nice surprise.

Your profile doesn't say where you live, but Pacificare suggests at least West Coast. (I calls it Best Coast.) Just for another point of reference, I have medicare with Health Net, also an HMO. Cost: $0.00 per month. Small co-pay for physician and for drugs. I think this option may be limited to L.A. county.

My child-bride gets to pay $199 a month for Blue cross with a $3500 deductible.

Maybe it's time for you both to shop around?

cliff

Print the post Back To Top
Author: 0x6a74 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13543 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/25/2008 4:03 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 3
an HMO but it included Palo Alto Medical Foundation and UCSF s••••


---
Your profile doesn't say where you live, but Pacificare suggests at least West Coast. (I calls it Best Coast.) Just for another point of reference, I have medicare with Health Net, also an HMO. Cost: $0.00 per month. Small co-pay for physician and for drugs. I think this option may be limited to L.A. county.


PAMF and UCSF suggest my neighborhood...

.. as someone else mentioned, options are per-county
(iirc medicare website had a zip-code search function )



My child-bride gets to pay $199 a month for Blue cross with a $3500 deductible.


but isn't she 'high-risk' because she saw a Doctor in the 80s?


=b

Print the post Back To Top
Author: Gingko100 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13544 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/26/2008 1:39 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
$135 for two people is wildly lower than any other rate I've heard of. And the medicare rate sounds fairly good to me. I pay $400/mo for one person. Sadly, that's what things cost these days.

At any rate, medicare provides coverage - you can't be cancelled, and it's still competitive with or cheaper than market rate insurance.

Print the post Back To Top
Author: thedofca100 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13545 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/26/2008 3:53 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Well, it's an interesting discussion. Yes, I was well aware that the company was subsidizing our insurance substantially. I even know what they claim to pay per employee for our insurance and it's a lot. However, my point really is that I thought Medicare was supposed to take over for the company.

Yes, I am in the Bay Area. Our Supplemental Care policies in our county suck, if you'll pardon me. If we had to do it we would, but it doesn't use what are thought to be the "best" doctors. I have friends using it who are satisfied and others who use Kaiser who are satisfied so if we go broke we'll always have that as a fall-back. The company continues to cover the medications so I don't have to worry about Part D.

I haven't read each one of your responses in detail yet, but I'm beginning to feel that the answer to my question doesn't really exist. To get good Medicare coverage it costs a lot.

I guess I continue to wonder why BC/BS is so expensive when it appears that Medicare A & B cover mosts fees. That may still be my bottom line question.

Thanks for all your help and comments. I didn't know this question would elicit so much response. I totally agree that there is something wrong with our health care system but I'll be dead before they fix that problem I have a hunch, and I'm still healthy.

Print the post Back To Top
Author: TwoCybers Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13546 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/26/2008 9:09 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 4
You wrote:
The company continues to cover the medications so I don't have to worry about Part D.


Make sure that the Drug coverage you are getting is considered by Medicare to be equal to or better than Medicare Part D. The key word here is "Creditable" -- if in the eyes of Medicare your coverage is not, you will face a premium penalty of 1% per month -- and this penalty will last until you die.

You also wrote
I continue to wonder why BC/BS is so expensive when it appears that Medicare A & B cover mosts fees.


To be candid insuring Medicare elgible people costs a lot of money. Older people have body parts that just wear out. Also some people insist on treatments that will do no good. I have a friend who had a stroke in 1998. Medicare pays thousands of dollars on physical and speech therapy. She says, she is entitled. Bottom line is very simple -- there is no free lunch. Either people will have to start recieving less care or people will have to pay more money. Medical costs do not go down. I doubt many people with colon cancer want to save Medicare the $20,000 for drugs that on average give an additional few months of life.

Gordon
Atlanta

Print the post Back To Top
Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13547 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/26/2008 9:21 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
TwoCybers writes,

To be candid insuring Medicare elgible people costs a lot of money. Older people have body parts that just wear out. Also some people insist on treatments that will do no good. I have a friend who had a stroke in 1998. Medicare pays thousands of dollars on physical and speech therapy. She says, she is entitled. Bottom line is very simple -- there is no free lunch. Either people will have to start recieving less care or people will have to pay more money. Medical costs do not go down. I doubt many people with colon cancer want to save Medicare the $20,000 for drugs that on average give an additional few months of life.

<?snip>


That $20,000 colon cancer drug must be a cheap generic. I read an article last year about a $300,000 colon cancer drug that gave the average patient an additional six weeks of life.

intercst

Print the post Back To Top
Author: Follydolly Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13548 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/27/2008 12:13 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I read an article last year about a $300,000 colon cancer drug that gave the average patient an additional six weeks of life.

intercst


OMGosh, this is a whole other topic of interest. I wonder if the drug improved quality of life for the six weeks? Of course, there is no exact certainty of how long one will live.

~Birgit

Print the post Back To Top
Author: thedofca100 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13549 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/27/2008 3:05 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
That's a good point about the Medicare part D. We have already filed in a fireproof box the letter from the company confirming the fact that medicare accepts their drug coverage as superior to Part D. Another issue with that is why is it our problem to be sure that letter is never lost? Why can't that be verified through the company later if necessary? We now have it filed in our home safe, in the safe deposit box, and at our son's home. What a system!

Print the post Back To Top
Author: tedhimself Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13550 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/27/2008 3:39 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
That's a good point about the Medicare part D. We have already filed in a fireproof box the letter from the company confirming the fact that medicare accepts their drug coverage as superior to Part D.

We get a new letter every year saying that. I guess it's cumulative.
Ted

Print the post Back To Top
Author: Trini209 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13551 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/27/2008 5:06 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
That's a good point about the Medicare part D. We have already filed in a fireproof box the letter from the company confirming the fact that medicare accepts their drug coverage as superior to Part D.

Ha! The old fireproof box! It's amazing how much stuff we have in ours. We use a WWII ammo box that's (I'm guessing) an 18 inch cube, and it's stuffed with important papers we have to keep forever.

Another issue with that is why is it our problem to be sure that letter is never lost? Why can't that be verified through the company later if necessary?

It's our problem to keep it because it'll only be needed if the company that insured us goes out of business and stops insuring us. In that case, they couldn't verify it and there'd be hell to pay when we started Medicare's part D years after we were required to without that letter.

Trini

Print the post Back To Top
Author: thedofca100 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13583 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 6/30/2008 10:41 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
>It was much better for me to give up the benefits offered by my former employer and go on my own. I now have basically the same coverage I always had while working, but the premium is only $20/month in addition to the Part B amount (which, by the way, is $96.40 for me this year). I had been paying $266/mo under my former employer's plan.<<

We have recently discovered that the $65 Part B amount that we were charged is in ADDITION to the $96.40. They chose a year to base it on and if you have any special income during that year, tough luck to you, your amount will be increased. They even state that in their letter. They will re-assess it next year but won't change this year's charge even if your income has gone to zero. The government will keep after us until they have every dime of ours, and then they have to support us. I have never figured out why government considers that preferable but that's apparently what they've decided.

Print the post Back To Top
Author: intercst Big funky green star, 20000 posts Top Favorite Fools Top Recommended Fools Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13584 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/1/2008 1:10 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 4
thedofca100 writes,

We have recently discovered that the $65 Part B amount that we were charged is in ADDITION to the $96.40. They chose a year to base it on and if you have any special income during that year, tough luck to you, your amount will be increased. They even state that in their letter. They will re-assess it next year but won't change this year's charge even if your income has gone to zero.

</snip>


That only bappens if you're in the Top 2% or 3% of the income pyramid. (The $65/month surcharge is for single retirees earning $102,000-$153,000 and married couples earning $204,000 to $306,000.) The median Social Security recipent earns about $17,000/yr from all sources of income.

http://www.medicare.gov/MPPF/Include/DataSection/MedigapDeta...

Since Medicare Part B is so heavily subsidized by the taxpayers, I don't have a problem with charging higher income retirees more of the actual cost of providing the insurance. It doesn't make sense to tax middle-class workers so that a wealthy retiree can take a secord or third cruise.

And yes, I'll likely be paying the surcharge when I reach age 65.

intercst

Print the post Back To Top
Author: ResNullius Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13585 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/1/2008 8:30 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
It doesn't make sense to tax middle-class workers so that a wealthy retiree can take a secord or third cruise.

And yes, I'll likely be paying the surcharge when I reach age 65.


Would you feel the same way if you had to give up that second or third round of golf each week?

Print the post Back To Top
Author: AngelMay Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13586 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/1/2008 10:41 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
It doesn't make sense to tax middle-class workers so that a wealthy retiree can take a secord or third cruise.

And yes, I'll likely be paying the surcharge when I reach age 65.

Would you feel the same way if you had to give up that second or third round of golf each week?


--------------------


I doubt that anyone who makes enough money to be charged a surcharge would have to give up a round or two of golf each week.

AM
...wishes I made enough for a surcharge... that would be ever so cool. :)

Print the post Back To Top
Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13587 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/1/2008 10:56 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
<<AM
...wishes I made enough for a surcharge... that would be ever so cool. :)

>>


Don't worry Angel May --- that's just for openers.

I'm sure these surcharges will be expanded to catch many of the middle class who paid a lot of Medicare taxes while they were working.

The amusing part is that since Medicare now taxes 100% of earned income, no matter how high, many of the people who will be charged extra will no doubt also be people who paid huge amounts of Medicare taxes already.

So there is hope for you to get your wish of paying these additional fees in the future!



Seattle Pioneer

Print the post Back To Top
Author: ResNullius Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13588 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/1/2008 11:02 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I doubt that anyone who makes enough money to be charged a surcharge would have to give up a round or two of golf each week.

Probably true, but the mere thought of having to give up a round of golf would stike mortal fear in the heart of intercst, one of the greatest golfers in Texas and most other places of note.

Print the post Back To Top
Author: ResNullius Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13589 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/1/2008 11:07 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
The amusing part is that since Medicare now taxes 100% of earned income, no matter how high, many of the people who will be charged extra will no doubt also be people who paid huge amounts of Medicare taxes already.</i.

Actually, based on what I've read over the past several years, it would seem a virtual certainty that Medicare will go under within the near future unless at least 50% of the folks who receive it pay close to full price for the coverage. Virtually everyone in the Middle Class will have to pay almost the same as they would have paid for private insurance in order to keep Medicare solvent for those below. As for the so-called wealthy, they will have to pay full freight plus a premium to help offset the loses. Unless Medicare can find a way to ration health care, then there is little or no hope for the future. For anyone to talk of national health insurance without first figuring out how to make Medicare solvent is just plain fantasy.

Print the post Back To Top
Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13590 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/1/2008 11:22 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
<<I doubt that anyone who makes enough money to be charged a surcharge would have to give up a round or two of golf each week.

Probably true, but the mere thought of having to give up a round of golf would stike mortal fear in the heart of intercst, one of the greatest golfers in Texas and most other places of note.

>>


I've always supposed that intercst hated golf, but was drawn to the links as a place where he could spread the gospel of the 4% safe withdrawal rate and early retirement to a receptive audience.

The sacrifices the man will make!



Seattle Pioneer

Print the post Back To Top
Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13591 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/1/2008 11:27 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
<<Actually, based on what I've read over the past several years, it would seem a virtual certainty that Medicare will go under within the near future unless at least 50% of the folks who receive it pay close to full price for the coverage. Virtually everyone in the Middle Class will have to pay almost the same as they would have paid for private insurance in order to keep Medicare solvent for those below. As for the so-called wealthy, they will have to pay full freight plus a premium to help offset the loses. >>


Yep, I agree. The newly introduced Medicare means testing is just the Camel's nose under the tent, and Angel May can expect to get her wish to pay surcharges like that too.


<<For anyone to talk of national health insurance without first figuring out how to make Medicare solvent is just plain fantasy.
>>


I've always supposed that one reason for the interest in national health insurance is that it would allow the failures and liabilities of Medicare to be rolled into a new system and disquised.

Isn't that why the carney man has three walnut shells and one pea?



Seattle Pioneer

Print the post Back To Top
Author: Howie52 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13592 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/1/2008 12:17 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
"I've always supposed that one reason for the interest in national health insurance is that it would allow the failures and liabilities of Medicare to be rolled into a new system and disquised.

Isn't that why the carney man has three walnut shells and one pea?

Seattle Pioneer "

^^^^^^^^^^^^^^^^^^^^^^^

There is an interest in national health insurance because:

1) People keep seeing how much costs are rising.
2) People see the difference between what the healthcare providers
charge and what the insurance companies have as an "allowed" or
negotiated price.
3) People worry what will happen if they have to pay for these things
by themselves - if they lose insurance or their jobs or such.

Folks do not recognize that a national health insurance plan
may not reduce their costs in any way without restricting options
choices or availability of healthcare.

Folks always want some way to keep costs in line.
And there are ways that a coordinated approach could reduce costs -
such as 'regional" specialty clinics and the like ---- but this limits
availability. Up to a point folks might like the idea and there may
be benefits - and taken to extremes the approach will restrict
where and whom can receive care plus restrict development of
new healthcare approaches - meds and procedures.

So, the debate is more than "should we" and "how to pay for what?" and
"what to pay for what", and "do we want to even if we can?" but also
"what type of controls do we include to prevent the extremes?"


Howie52

Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post Back To Top
Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13594 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/1/2008 12:32 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
<<So, the debate is more than "should we" and "how to pay for what?" and
"what to pay for what", and "do we want to even if we can?" but also
"what type of controls do we include to prevent the extremes?"


Howie52

>>


I'd be VERY surprised if the opportunity to roll the problems of Medicare into a "NEW, IMPROVED" health care plan hasn't occurred to politicians and planners.



Seattle Pioneer

Print the post Back To Top
Author: cliff666 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13595 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/1/2008 6:01 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
ResNullis: Actually, based on what I've read over the past several years, it would seem a virtual certainty that Medicare will go under within the near future unless at least 50% of the folks who receive it pay close to full price for the coverage. Virtually everyone in the Middle Class will have to pay almost the same as they would have paid for private insurance in order to keep Medicare solvent for those below. As for the so-called wealthy, they will have to pay full freight plus a premium to help offset the loses. Unless Medicare can find a way to ration health care, then there is little or no hope for the future. For anyone to talk of national health insurance without first figuring out how to make Medicare solvent is just plain fantasy.

First, we have to define "Full Price". Full price for a healthy 65 YO may be quite different from a diabteic 85 YO. Agree?

There are those who would pay the freight IF THEY COULD GET ANY INSURANCE AT ALL! But they can't. The insurance companies are not eleemosynary instituions, and they don't want to insure sick people.

But Medicare won't "go under". Hide and watch.

cliff

Print the post Back To Top
Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13597 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/1/2008 9:53 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
<<But Medicare won't "go under". Hide and watch.

cliff

>>


<<First, we have to define "Full Price". Full price for a healthy 65 YO may be quite different from a diabteic 85 YO. Agree?
>>


Politicians who can charge people Medicare taxes on hundreds or even millions of dollars of income will have lots of ways to charge people for Medicare coverage. Charge people while they were working, then charge them again when they are retired. Perhaps charge them again when they die. Politicians are endlessly creative when it comes to raising money.

Watch it being heavily means tested. It's already started in several different ways.



Seattle Pioneer

Print the post Back To Top
Author: cliff666 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13598 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/1/2008 10:31 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
<<<First, we have to define "Full Price". Full price for a healthy 65 YO may be quite different from a diabteic 85 YO. Agree?
>>

Politicians who can charge people Medicare taxes on hundreds or even millions of dollars of income will have lots of ways to charge people for Medicare coverage. Charge people while they were working, then charge them again when they are retired. Perhaps charge them again when they die. Politicians are endlessly creative when it comes to raising money.

Watch it being heavily means tested. It's already started in several different ways.

Seattle Pioneer

Why do you quote my observation if you are going to fall back to your usual reactionary spew which has nothing to do with what I said??

cliff

Print the post Back To Top
Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13599 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/2/2008 2:19 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
<<Why do you quote my observation if you are going to fall back to your usual reactionary spew which has nothing to do with what I said??

cliff
>>


Because your point is pointless, of course.


Seattle Pioneer

Print the post Back To Top
Author: cliff666 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13600 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/2/2008 2:25 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Because your point is pointless, of course.


Seattle Pioneer

Typical. And beneath contempt.

cliff

Print the post Back To Top
Author: fleg9bo Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13601 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/2/2008 2:39 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 4
Reactionary spew: Any solution that doesn't include expanded government, higher taxes, more wealth redistribution and less individual freedom. At least as far as I can tell.

--fleg

Print the post Back To Top
Author: cliff666 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13602 of 19224
Subject: Re: Help! medicare costs more than regular insur Date: 7/2/2008 2:58 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 2
Reactionary spew: Any solution that doesn't include expanded government, higher taxes, more wealth redistribution and less individual freedom. At least as far as I can tell.

--fleg


Perhaps you can show what part of SP's response addressed the part of my post he cited?

For that matter, what does your drivel have to do with anyting I said?

cliff

Print the post Back To Top
UnThreaded | Threaded | Whole Thread (37) | Ignore Thread Prev Thread | Next Thread
Advertisement