Retirement Age 65 Retired and Gov't Health Insurance

[Esso]

I am on NALC and it is acceptable as a Part D backup to Medicare. My question is would it be better to drop Gov't insurance entirely and go to straight Medicare (Part D) or keep the Gov't retirement and use NALC or whatever instead of getting a Part D plan? Part D would be cheaper, but once you drop the Gov't insurance you can't go back.

 

[Esso]

I guess there is no way to edit a post. I will be 65 soon, so the choice would be gov't health ins plus Medicare A + B; or Medicare A+B with Part D (prescriptions) and I guess Part G. What are people over 65 doing?

 

[GulfCharlie]

I guess there is no way to edit a post. I will be 65 soon, so the choice would be gov't health ins plus Medicare A + B; or Medicare A+B with Part D (prescriptions) and I guess Part G. What are people over 65 doing?

Ask on the r/fednews reddit. Most here (I mean no offence) are well below your age.

 

[FightingIrish2012]

I am on NALC and it is acceptable as a Part D backup to Medicare. My question is would it be better to drop Gov't insurance entirely and go to straight Medicare (Part D) or keep the Gov't retirement and use NALC or whatever instead of getting a Part D plan? Part D would be cheaper, but once you drop the Gov't insurance you can't go back.

Everyone’s situation is a little different so do your own research but I was at a retirement seminar and the guy said it is typically cheaper to get Medicare plus the supplements rather then keeping the old FAA insurance once you turn 65. Especially if you planned to buy supplements in addition to keeping the old insurance.

 

[Esso]

Everyone’s situation is a little different so do your own research but I was at a retirement seminar and the guy said it is typically cheaper to get Medicare plus the supplements rather then keeping the old FAA insurance once you turn 65. Especially if you planned to buy supplements in addition to keeping the old insurance.

Thanks. You don't think of asking those questions when you hit a seminar when you are 40. Mostly I'm asking for the wife who reached 65. The Family or Plus one plans are super expensive, around a 30% hike this year.

As far as those seminars go - yes, you should be saving 20% for retirement your whole career in case you get screwed out of some promotions by A-Hole managers. You'll end up with more money than if you saved 10% and got the promotions.

 

[kemeky]

If on Facebook, search for FAA Retirees. Lots of old farts on there that can give you their experiences.