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UPS Retirement Topics
About to hit Medicare..does our insurance as retirees stink?
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<blockquote data-quote="twoweeled" data-source="post: 1936037" data-attributes="member: 27108"><p>I'm not at all sure about all this either. It seems, there are very few of us who really understand it. What I hear, and do not know if it's entirely true. Medicare kicks in at 65 years of age. But medicare only covers a percentage of the bill. Supplemental insurance picks up what medicare doesn't pay. I hear that supplemental insurance will pay into, whatever medicare will. If medicare doesn't consider it legit or valid, then the supplemental will pay no part of it. There appears to be different levels of supplemental insurance for different prices. At 65, we lose out basic insurance, because we're on Medicare at that age, but a supplemental kicks in to help with the Medicare. I don't know if we're still paying the same amount for the supplemental, as we were paying for the medical coverage before 65 (about $300 a month). I think what the original question was, Can we do better on a supplemental, then what we are getting on our Union's supplemental plan? Dollar for dollar value, can we do better? I assume we can only get that answer from people who have already reached the age and researched it, or researched it for the hell of it. I don't know, but I am very interested in the answer. Doesn't seem as our medical health insurance is nearly as outstanding as it was. Maybe our supplemental isn't either? Like you, I'm also waiting and looking for answers. </p><p>We have a $200,000 CAP??? I thought it was a lot higher than that! I thought at least $500,000. But again, I don't know. $200,000 and we're all in trouble!</p></blockquote><p></p>
[QUOTE="twoweeled, post: 1936037, member: 27108"] I'm not at all sure about all this either. It seems, there are very few of us who really understand it. What I hear, and do not know if it's entirely true. Medicare kicks in at 65 years of age. But medicare only covers a percentage of the bill. Supplemental insurance picks up what medicare doesn't pay. I hear that supplemental insurance will pay into, whatever medicare will. If medicare doesn't consider it legit or valid, then the supplemental will pay no part of it. There appears to be different levels of supplemental insurance for different prices. At 65, we lose out basic insurance, because we're on Medicare at that age, but a supplemental kicks in to help with the Medicare. I don't know if we're still paying the same amount for the supplemental, as we were paying for the medical coverage before 65 (about $300 a month). I think what the original question was, Can we do better on a supplemental, then what we are getting on our Union's supplemental plan? Dollar for dollar value, can we do better? I assume we can only get that answer from people who have already reached the age and researched it, or researched it for the hell of it. I don't know, but I am very interested in the answer. Doesn't seem as our medical health insurance is nearly as outstanding as it was. Maybe our supplemental isn't either? Like you, I'm also waiting and looking for answers. We have a $200,000 CAP??? I thought it was a lot higher than that! I thought at least $500,000. But again, I don't know. $200,000 and we're all in trouble! [/QUOTE]
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About to hit Medicare..does our insurance as retirees stink?
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