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Medicare: Unknowns Revealed

Sunday, March 24, 2013 - 7:56 PM
From MarketWatch.com:

10 things Medicare won’t tell you - MarketWatch

Somehow it does not give me a warm and fuzzy feeling about Medicare now:D

"Many people reach age 65 thinking Medicare is free, according to Baker, of the Medicare Rights Center. In reality, it’s anything but. Premiums for Part B (medical insurance for doctors’ visits and other outpatient expenses) are $104.90 monthly if a recipient’s annual income is $85,000 or less; beneficiaries pay on a sliding scale after that, with the highest monthly premium $335.70 for those with gross incomes above $214,000. Beneficiaries don’t pay a monthly premium for Part A (hospital insurance) if they paid Medicare taxes and earned 40 Social Security credits while working (people can earn a maximum of four credits a year; for 2013, $1,160 earns one credit). The average premium for Part D, or optional drug coverage, is around $30 per month."
6
51hh51hh1,462 posts since
Jan 16, 2010
Rep Points: 6,352
1. Sunday, March 24, 2013 - 8:12 PM
Even the military retiree's health care benefit for those 65 years of age, or greater, called "TRICARE For Life" requires participation in Medicare Part B. There is no 'free lunch'.
5
ShorebreakShorebreak2,381 posts since
Apr 6, 2010
Rep Points: 12,707
2. Monday, March 25, 2013 - 9:02 AM
I have never been able to get anyone to explain how Medicare really works especially with doctor office visits.  I know it is a percentage of the total fee but is it the "contracted" fee etc.  I prefere to have an Advantage plan so I can know each time how much I will owe for a copay etc.  Even when one is hospitaized, one can have a better idea how much cost you will be hit with having the Advantage Plan rather than using Medicare.  However, the kicker is that we have to pay for both!  Can't have the Advantage Plan unless we already have Medicare.  They get you coming and going.  No Free breakfast either!
3
paoli2paoli21,149 posts since
Aug 10, 2011
Rep Points: 5,123
3. Tuesday, May 14, 2013 - 11:04 AM
 hay pizza papa is dp still looking four work
1
onyspizzaonyspizza6 posts since
May 13, 2013
Rep Points: 12
4. Tuesday, May 14, 2013 - 11:06 AM
free bfkt what about lunch??
2
onyspizzaonyspizza6 posts since
May 13, 2013
Rep Points: 12
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