Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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Federal Retiree w/ BC/BS Should I Get Medicare Part B?
I'll soon be a Federal Retiree. The Fed Gov allows me to take my BC/BS plan into retirement- So I'll have private insurance
My BC/BS plan will reimburse me $800 in Part B premiums per year if I take Part B I'm aware Part A is mandatory- but Part B is elective. I go to the doctor quite a lot- regular doctor and specialists. What does Part B cover/pay for?... do they cover cover co-pays for doctor visits and urgent care visits? I will be paying about $40 for all office visits. If Part B covers these it will be worth it. Bottom line- I'm hoping to find out what Part B pays for and if people here who have private insurance find Part B worth the expense of premiums. Thanks!
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#2
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I am also a Federal retiree, and I have the Blue Cross Standard plan. I do not have Medicare Part B. Not paying the Medicare premiums has saved me thousands of dollars, and I have had no problem finding providers who accept the Federal plan. The way I look at is that I can afford to pay the Blue Cross catastrophic annual limit of $6,000, if I need to. After that, everything is covered at 100 percent. Do the math. In my case, it is a no brainer because I am subject to IRMAA, which makes my Medicare premium higher than the minimum. Check the IRMAA income limits.
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#3
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I have Fed BC/BS and do not have Medicare part B. I would have to pay $170+ for Part B each month, plus my wife would also have to pay that amount each month. $340+ per month when my private insurance pays almost all but the co-payment. Plus I have prescriptions (co-pay) that Part B does not have. Right now, it is a better deal for me to keep my insurance. Money wise, I do not feel that I would be saving anything by dropping my insurance and paying for medicare part B. I would still need to get medicare part D for prescriptions, or something similar.
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#4
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#5
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Part B becomes your primary coverage and BCBS Basic becomes your supplemental plan. My wife is setup that way and pays no copays or deductibles. 2 years ago she had a $16,000 bill at the hospital and paid nothing out of pocket. Even the 2 hour ambulance ride was covered.
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#6
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So I guess you are saying that even though your wife has insurance you have found adding Part B to be worthwhile $$$. Maybe not so much for my wife.
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#7
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The minimum Medicare Part B premium for 2023 will be $165 per month, or $1,980 minus the $800 BC credit, equals $1,180. It is possible that the Blue Cross plan will waive some of the normal plan copays if you have Medicare. You should read the plan brochure to see which copays, if any, are waived.
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“Never confuse education with intelligence, you can have a PhD and still be an idiot.” — Richard Feynman |
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I'm wondering what you mean about the Self + 1 being a joke. Will you elaborate? This is the BC/BS plan my wife and I have through the Fed Gov.
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#10
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Not only can the OP take BC/BS into retirement s/he can take ANY Federal employee health plan into retirement. And can change it each and any year!
Think about it, if you do this and plan B you are buying insurance (plan B) FOR your FEHB insurance company. I do not buy insurance to benefit an insurance plan -ever Last edited by Toymeister; 11-14-2022 at 04:34 PM. |
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#13
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The difference in price from self only and self +1 is quite high and going up higher next year. There are some plans where self+1 is higher than self plus family. It makes no sense.
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“Never confuse education with intelligence, you can have a PhD and still be an idiot.” — Richard Feynman |
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#15
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I have the same questions. My concern has been finding Drs who will accept FEHB BC/BS here. I don’t want to be restricted by Medicare pre approval requirements that I don’t currently have. I had two big issues in the last few years, broken leg and pneumonia only paid $350 deductible for each.
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