Let’s suppose you’ve had enough of your job and want to retire – tomorrow! What would it take? How could you satisfy yourself that you have the financial wherewithal to walk away from the security of your paycheck?
The government has put forward certain individual assurance company medicare supplement details on the internet. There are various supplement plans from which you can choose the one which suits your needs.
Overall, seniors have little voice in Obama’s game plan. Try to find some focus on the needs of seniors if you can. So far Obama has made comments personally about giving us some drug when we are denied surgery and such, but otherwise we don’t hear much in terms of promises to take care of those of us who paid into this program for so many years.
If you retire (get more freedom) when you turn 65 and/or you want out of your employer plan, you can get Part B (Part A is for hospitalization, and Part B is for outpatient stuff, like doctor visits, exams, x-rays, etc.).
If you retire at the typical age of 65 or 66, you might have over two decades of life ahead of you- a long time if you want or need to work, but need a job change. Retirement is a good time to reinvent your professional self. You may want to stay in the same line of work for a similar company -or try something new. Though 65 is not the ideal age for job hunting, if you have great credentials and a positive outlook, you may be a great catch of company who values experience. In the U.S. at least, a company may appreciate not having to pay costly health insurance premiums vs. the lower cost of medicare supplements.
Mary decided to call the company direct and ask about her options. They told her they could offer her Medigap plan F for more than $100 less than I had quoted her.
This is really the future of Medicare where those individuals who earn more will need to share part of the cost. Part B premium is the first piece of this approach and Part A will likely follow soon. The cost for Medicare supplemental insurance is not means tested as it provided by the private market and the premiums are the same regardless of income levels. To some extend, the Medicare Advantage plans offer low or no cost Medicare options for those who are unable to afford Medigap coverage with limitiations inherent in the HMO model of coverage.