My employer offers the coordinated retiree plan (Blue Cross,
Health Partner, and Preferred One) for $270/month but requires
Medicare Part A, B and D. If you are in Medicare part A, B, and D
you can buy Medicare Supplement Insurance to cover the 20%
deductible for the cost as low as $250/month. So why would retirees
hang on to employer coordinated plan if it is cheaper to stay
completely with Medicare?
My employer offers the coordinated retiree plan (Blue Cross,
Health Partner, and Preferred One) for $270/month but requires
Medicare Part A, B and D. If you are in Medicare part A, B, and D
you can buy Medicare Supplement Insurance to cover the 20%
deductible for the cost as low as $250/month. So why would retirees
hang on to employer coordinated plan if it is cheaper to stay
completely with Medicare?
On 12/31/15 10:51 AM, pb5511@gmail.com wrote:
My employer offers the coordinated retiree plan (Blue Cross,
Health Partner, and Preferred One) for $270/month but requires
Medicare Part A, B and D. If you are in Medicare part A, B, and D
you can buy Medicare Supplement Insurance to cover the 20%
deductible for the cost as low as $250/month. So why would retirees
hang on to employer coordinated plan if it is cheaper to stay
completely with Medicare?
In general, you would stay with the employer plan if it has better
coverage, and they are not going to drop it in the next 20 years or so.
What "letter" plan (A-N) is the Medigap for $250 a month ?
Does the employer supplement have the same coverages as the Medigap ?
Equal covered procedures, co-pays, deductibles, etc IOW, are they
"apples to apples" in coverage ?
According to article below (2013), medicare supplement premium is
about $200, by now it would be about $250. The author also
mentioned that most healthy seniors would not need supplemental
insurance. http://www.huffingtonpost.com/david-belk/medicare-supplemental-policies_b_3901861.html
For medigap, the premium can be as low as $300 to high as $6,000 a
month depending on plan (A to N) age and gender. It looks like my
employer plan is better. http://www.weissratings.com/medigap/compare-plans/compare-prices-age-gender-zip.aspx
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