Ken asks…
Now I am asking about Medicare and retirement!?
OK, I am 56 and I have employer medical insurance. When I turn 65, I get medicare insurance. So far, so good with my understanding. So what about all those medicare insurance “supplement insurances, such as AARP, etc. I see on tv? Do you pay for them, or use them to ‘enhance; medicare, etc, etc.? I guess – are they worth it? I will still be working, have my employer medical insurance. My goal is to work to age 70,,, Anything you can tell me about medicare, so I can compare it to my employer insurance of NOW, would be appreciated.
Medicare Insurance AZ staff answers:
I have Medicare and Blue Cross/Shield supplemental insurance. It works fine! I can go to any Dr or hospital I want. The cost of the BC/S is subsidized by my former employer. I retired at 61 and regret I didn’t do it sooner. Retirement is a blast!
Sharon asks…
Does anyone know if I can buy more coverage for Medicare?
The Veteran’s administration is my main medical insurance but I also have medicare A and B.
Can I purchase a supplement insurance for optical insurance? I.E. Glasses and lasix surgery?
Medicare Insurance AZ staff answers:
Supplementing your current insurance with a good vision plan is a great idea. The vision plan site below has two plans you can choose from.
Richard asks…
My wife is eligible for medicare. I am going on cobra insurance. Should I keep paying for her insurance ?
My medical insurance plan had a $1200 deductible and $25 co pay.
We do plan on paying for b supplement right at the start.
Medicare Insurance AZ staff answers:
Go for it!
Pay for your cobra and put her on Medicare, making sure you have a supplement for B and drugs.
Your bank account will thank you!
John asks…
If health insurance copay for generic drug is more than the price of drug what do you pay?
I am looking at medicare supplement plans. Most plans say they cover generic drugs. The copay for one plan for a 30 day supply of a generic drug is $10. Suppose the generic drug is one that Wal-mart charges $4 for a 30 day supply. What do you pay; $4 or $10?
Medicare Insurance AZ staff answers:
The way my plan works is you pay the copay or the cost of the drug, whichever is less. For example, I have a $10 copay for generic drugs. I recently filled a prescription that only cost $8, so I only paid $8. I’m pretty sure this is the way it works with most plans, but it’s always a good idea to double check. Contact the customer service line for the plans you are interested in. Good luck.
Sandra asks…
need to find answers to medicare supplement?
trying to sign up for medical insurance thru american senior choices
Medicare Insurance AZ staff answers:
So call and ask them to send you the information
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This is a very good article on Medicare supplement policies and what to expect from them. Medicare supplements, or Medigap, as they are called can save a retiree a lot of money if a long term illness should occur. For this reason anyone reaching retirement should check into a Medicare supplement to protect their savings.