Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (18) | Ignore Thread Prev | Next
Author: fleg9bo 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: of 19483  
Subject: Re: Medicare Time... Date: 9/2/2012 1:14 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I got my card in the mail a couple of weeks ago, with an effective date of December 1. I've been trying to figure out everything about drug plans and medigap plans, and coordinating with my private health insurance (which will end).

I'm one month ahead of you, with a Medicare start date of November 1. I consulted with an insurance agent who is very knowledgeable about Medicare matters. She spends about two hours with each new client explaining the system and I got a very good understanding of it as a result - and the information I needed to choose my plans. One thing I especially like about her is that she contacts all her Medicare clients every year to see if their policies remain a good fit. Policies change all the time and it may be necessary to jump plans during open enrollment to continue to get the most out of the system. In particular, any given Plan D might drop the drug you're taking while another Plan D adds it or continues to offer it. Having an agent cut through the red tape takes all the angst out of it.

Did you notice that once you laminate your Medicare card, it won't fit into a credit card slot in your wallet? Its size was probably determined by a government committee.

One interesting thing my agent told me: The area around Bend in Central Oregon is a popular retirement destination for Portlanders and others. She has several clients who retired there but have to make the 4½-hour drive back to Portland for medical appointments because they could not find doctors in Bend who accepted new Medicare patients.

My total premium cost will drop about 50% from what I pay now for private insurance. And I will have lower deductibles and copays. Although I don't take any prescription drugs, if I need any they will be covered, as opposed to my current $1000 drug deductible.

I'd like to thank all the taxpayers out there who are about to increase my travel budget by about $3800 per year.

--fleg
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (18) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement