Quote:
Originally Posted by retiredguy123
Yes, it would be zero. But, you need to calculate how much your Medicare B premiums will be when you turn 65. My annual premium would be about $3,300. I would rather pay an occasional $800 bill then pay $3,300 every year even if I don't have medical bills. And, I am always protected against a major illness expense because of the Blue Cross $5,000 catastrophic limit.
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I guess I need to study that $5000 catastrophic limit because I have never been able to benefit from it. Last year we had over $20,000 in medical expenses to deduct. $7000 of that was in premiums for my husband's medicare and our BC/BS, but that leaves over $13,000. I wonder if the catastropic only kicks in for a major event.