Thread: Medicare and Social Security

Retirement Planner: Special Extra Earnings for Military Service

For those of you with Active Duty Military time, Ensure you're getting your full benefit.

V/R,

Frixxxx

Originally Posted by Elgallo

Just turned 65 and am dealing with this issue now.

As was stated Part B seems unecessary if we have a FHBP, but if it's true you loose SS, is it really an option? Don't ya just love being drug around by your balls by the potiticians!

So I assume we all just bite the leather strap and pay for both even though it appears we don't need it.

So as a retired Federal employee ask yourself this question: is the Gubmint "really" picking up 70% of your health care in retirement like you were lead to beleive in those retirement seminars they gave us? I personally think not.

I do not beleive that if you drop Part B you lose SS, but rather Part A. Bail on Medicare Part A and you'll lose Social Security | BenefitsPro

http://www.politifact.com/truth-o-me...social-securi/

Originally Posted by SkyPilot

I do not beleive that if you drop Part B you lose SS, but rather Part A. Bail on Medicare Part A and you'll lose Social Security | BenefitsPro

PolitiFact | Dick Armey's claim about Medicare and Social Security is only partially true

Think twice before not getting part A and B, I have it it cost about $100 a month I also have BCBS basic. Haven't paid a dime so far what Medicare doesn't pay for BCBS does that included 3 nights in a hospital and 3 ultrasounds, a total of 5 MRIs, and 2 CT scans. With all that they didn't find a thing wrong with me.

Nnuut, does not BCBS cover what Part B covers anyway?

Originally Posted by SkyPilot

Nnuut, does not BCBS cover what Part B covers anyway?

Yes but only the part Medicare doesn't pay, doctors can't charge me any more than Medicare authorizes. I pay nothing for doctor's and specialist's visits, no coinsurance copays etc. BCBS pays prescription drugs unless you have part "D". The wife is younger and BCBS covers her 100%, but with copays etc. when she gets 65 she will use both like I do.
I really can't remember but I don't think BCBS would pay all of the part B if you didn't have it from Medicare probably none.

There's a lot of good information on feds, Medicare A,B,C,D, doctor-Medicare-FEHB twists and turns over at FederalSoup.com-its a forum connected to that FederalDaily newsletter that hits my work email practically every day. I've learned a lot from reading those threads in that forum. they don't talk about active management of tsp funds, so think its okay to mention that site here. they are focused more on information sharing on the administrative side of being a fed or soon-to-be fed retiree.

Okay then, it seems that Part B (about $100 per month) is probably worth it, even with BCBS. Especially considering that as we age, one incident or event can easily exceed the cost of the premium. Now, I need to look closer at part D and begin to consider if it is a benefit we will need to consider.

Aha! This is what I suspected, and good information to evaluate the value of Part D for FEHB BCBS plan participants.
The US Office of Personnel Management (OPM) has determined that the Blue Cross and Blue Shield Service Benefit Plan prescription drug coverage is, on average, expected to provide as much as the standard Medicare prescription drug coverage in terms of benefits. Therefore, you do not have to enroll in Medicare Part D and pay extra for prescription drug coverage. If you do decide to enroll in Medicare Part D, we will coordinate benefits for prescription drugs with your Part D coverage.

Page 12

http://www.fepblue.org/downloads/201...re_and_you.pdf

Originally Posted by SkyPilot

Aha! This is what I suspected, and good information to evaluate the value of Part D for FEHB BCBS plan participants.
The US Office of Personnel Management (OPM) has determined that the Blue Cross and Blue Shield Service Benefit Plan prescription drug coverage is, on average, expected to provide as much as the standard Medicare prescription drug coverage in terms of benefits. Therefore, you do not have to enroll in Medicare Part D and pay extra for prescription drug coverage. If you do decide to enroll in Medicare Part D, we will coordinate benefits for prescription drugs with your Part D coverage.

Page 12

http://www.fepblue.org/downloads/201...re_and_you.pdf

Good info. Thanks SkyPilot.

No more Social Security at 62?


By Jennie L. Phipps · Bankrate.com


Read more: No more Social Security at 62? « Bankrate, Inc.

Austerity is raising it's ugly head! Well, cut my legs off and call us Greece.
Jimmy Carter started screwing Government workers and these guys will finish the job.

Senators Propose to End Defined Benefit Pensions for New Federal Employees

by Ian Smith | November 13, 2013

Senators Propose to End Defined Benefit Pensions for New Federal Employees - FedSmith.com