Talk of The Villages Florida - View Single Post - Increase in Social Security offset by a larger increase in Medicare premiums
Thread: Increase in Social Security offset by a larger increase in Medicare premiums
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Old 11-30-2021, 07:01 AM
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Originally Posted by DAVES View Post
Re: 62 for social security and 65 for medicare.
You no longer have the option to at 65 chose to pay back what you have collected and then take the higher 65 amount. You can, if you can afford to do so retire at 62 but not collect social security at 65. I regularly tease, all you need to know is when you will die, what will kill you, the rate of inflation and return on your savings and you can decide what makes the most sense to do. Only problem we know none of them.

Re: Medicare
It is spooky what private healthcare costs. If, you do not have coverage from employment a guess is for three years 25,000 a year or 75,000 that has to come from savings. OUCH.
No need to guess---FL blue, single coverage, nothing rated up---1332.30/mo=15,987.60/yr----and that's with a 7,000 deductible----OUCH