The problem we have with becoming Florida residents is health insurance.
If we keep our Maine residency, our hospital bills are paid at 100% with no lifetime limit. If we move out of Maine, the insurance covers only 80% and there is a million dollar lifetime limit on benefits. Don't ask me why this is, it is just how the State of Maine retiree benefits work. Personally, I think the State wants to keep the retirees in Maine because their pensions are subject to the income tax.
Medicare will kick in when we turn 65, but Blue Cross will be our supplemental insurance.
Reading the Save our Homes link in an earlier post, it seems that if we were Florida residents and ran up some big medical bills the insurance didn't pay and (we couldn't pay) we could stay in our home until we die, then the house could be taken for the amount due.
Not the way we like to do things, but if that is the only way to keep from living on the street, we'd do it, I guess.
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Maine, 61.5 years. The Village of Liberty Park.
"Live life while you're alive, because when you're dead, you're dead a long time".- Roland Michael Curtis
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