4So, I've gone on Medicare (instead of having a spouse's insurance through work). It has come to my attention that Medicare does not cover some expenses or only 80% of some expenses and that a GAP coverage is recommended that one has to purchase separately.
I have been slowly working through a post-divorce budget (still no signed order) and it is coming out better than I expected, but I am loathe to pay more for more health insurance. OTOH, I am 71 and not getting younger or healthier. Right now I don't expect to have weeks or months in hospital, etc, but you never know. (Which is how the insurance companies get you.)
My choices seem to be $189/month that would cover most of the gap.
$140/month that would cover most as above, but with some copays and a deductible. $257 deductible, $20 for office visits and $50 for ER. This does not seem onerous.
High deductible option. $2800 deductible and then appears to cover everything over. Cost is $65/month.
My current thinking is to go with the high deductible options. It saves me almost $1000 in premiums and then there is only $1800 to make up.
Apparently I need to get this in right away due to Medicare limits - like tomorrow (Thursday 2/27). At first I just thought not to have Medigap supplemental insurance at all. Now it seems to be important if I were to get seriously ill or hurt.
Any advice or input would be appreciated.
Thank you.
I have been slowly working through a post-divorce budget (still no signed order) and it is coming out better than I expected, but I am loathe to pay more for more health insurance. OTOH, I am 71 and not getting younger or healthier. Right now I don't expect to have weeks or months in hospital, etc, but you never know. (Which is how the insurance companies get you.)
My choices seem to be $189/month that would cover most of the gap.
$140/month that would cover most as above, but with some copays and a deductible. $257 deductible, $20 for office visits and $50 for ER. This does not seem onerous.
High deductible option. $2800 deductible and then appears to cover everything over. Cost is $65/month.
My current thinking is to go with the high deductible options. It saves me almost $1000 in premiums and then there is only $1800 to make up.
Apparently I need to get this in right away due to Medicare limits - like tomorrow (Thursday 2/27). At first I just thought not to have Medigap supplemental insurance at all. Now it seems to be important if I were to get seriously ill or hurt.
Any advice or input would be appreciated.
Thank you.
