Last night we went to a local seminar about Medicare. This was given by our local senior center. Check your local city for these senior centers in your area as they have information on all your local senior activity’s. Do not forget a lot of breakfast dinners offer senior discounts, but you have to ask?
Now I thought Medicare would be simple but after this seminar I found there are at present 4 parts, A, B, C, and D
- A — This is basically covers your Hospitalization cost with some copay.
- B — This is basically for Doctor and out patient fees, with some copay. This part cost you a monthly fee.
- C — This is what they call Medicare Advantage. Further info to follow.
- D — This is the prescription drug, with some copay.
I suggest you contact Medicare.gov for information and study it well as there seems to be a lot of gotcha! Part A seems to be free if you have paid a certain amount into the system I found that in part B you have to pay a monthly fee which is deducted from your Social Security. Now if you live abroad and do not sign up for part B to save the monthly fee. When and if you return and sign up your fee is raised by 10% per year for every year you did not sign up. This new rate is now your rate set going forward not including cost of living raises.
We decided not to put in what the fees are in this post as things change and it would be best for you to find out from Medicare directly what your cost will be.
So we suggest you really start to read and study your Medicare system because one simple mistake will cost you for life.
If you are having problems with medicare then you can contact HICAP in California.
HICAP (Health Insurance Counseling and Advocacy Program) provides free and objective information and counseling about Medicare. Volunteer counselors can help you understand your specific rights and health care options. HICAP also offers free educational presentations to groups of Medicare beneficiaries, their families and/or providers on a variety of Medicare and other health insurance related topics.
You can find a similar organization by contacting your States insurance department
Good luck 2BRetired.