Re: Retirement Talk - 03/19/19
Originally Posted by
nasa1974
zedlep,
I'm retired and have federal BCBS basic coverage for myself and my wife. We also have Medicare Part A and B. We don't have a lot of medical expenses but what we do have Medicare has picked up 80% and BCBS has covered the rest. Medicare Part B is a little expensive and I guess it all depends what kind of medical expenses you have. Depending on your drug coverage under your federal health insurance you may not need Part D. As long as you have employer covered health insurance you do not have to pick up Part B, retiree health insurance does not count. As a retiree with federal health insurance if you do not sign up for Part B you will be penalized 10% per year for each year you did not have Part B if and when you sign up for it. That penalty accumulates. So if you wait 4 years that will be a 40% penalty per year every year. Also as a retiree DO NOT cancel your federal health insurance just suspend it because then you can join again during any open season. Also BCBS basic coverage will reimburse you up to $600 of your Medicare Part B cost.
So, to sum up your post. If you have BCBS Basic (like me) you should probably take Medicare A and B but not D. Whats the cost for Medicare A and B for 2 people? $600 rebate sounds good too so include that. Thanks for your input
100 G
RSI - Relative Strength Indicator DMA - day moving average
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