Thứ Tư, 7 tháng 6, 2023

I don't understand medicare

I'm approaching 69 and still working and on employer insurance. Plan was to work to 70. Sometimes I think I'll go longer for the money and sometimes I think I'll quit earlier to have the extra free time. Sometimes I think I will delay retirement forever so I don't have to decide about medicare, but figuring this out is essential to figuring out what retiring is going to look like financially.

  1. Doctors consistently regard traditional medicare as better than medicare advantage because there is no insurance company involved, and I lean towards traditional medicare on that basis, also because the scammy medicare advantage ads disgust me.
  2. I thought you have two choices: A + B, then get a supplement to help with copays (and drugs???), or you have medicare advantage which I thought replaces part B and part D. But my SIL tells me she has Part B and a medicare advantage plan. My brother got medicare advantage instead of part B when he reached 65 (he was already retired on disability) and says he's going back to part B. I searched whether you can have part B and medicare advantage and the info that I found seemed very conflicting. My SIL says just ask an insurance broker but I am the kind of person that wants to know myself what's up. So which is it: B *or* Medicare advantage, or is there such a thing as B + medicare advantage?
  3. Can you switch back and forth every year or are you limited how many times you can switch?
  4. Why do we have a system that is so damned complicated?


https://ift.tt/MrG23N7 Submitted June 07, 2023 at 11:57AM by srmcmahon https://ift.tt/hzytbfA

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