A place for older, more mature members to share information relevant to those who fit into this category or have friends and family who might benefit from our information and conversation.
Medigap polices …
Medigap polices …
my understanding is that you have one shot to pick the best policy, which we need to do in the next month or so, without questions of health history which might lead to possible denial or higher costs in some states. We looked at the Medicare Advantage plans and they limit providers which is not in our best interests, so the focus is on the best Medigap policy.
In our case he will be transitioning to Medicare prior to his 65th birthday as he has been on disability for two years, most Medigap policies require that you be ‘of age” to apply. So your choices are very limited because you are under 65. There is a small window of time in which you can purchase the policy of your choice without having to worry about being denied or paying more because of pre-existing conditions.
Did the ACA forget about us older folks who now find ourselves in this gap? Did the pre-existing clause in the ACA forget about those caught in between?
I think we will be OK as the time is measured in months, but I do wonder about others facing a similar situation in the future who have a longer window and cannot buy a preferred policy as their first policy not subject to medical history, subsequent policies can be more expensive or denied is my understanding.
Which leads me to wonder if the ACA has left a gap of pre-existing conditions for seniors moving into the Medicare world?
As far as I can tell for Medicare part D, we would be better off paying cash at Costco for the current drugs. Estimates given based on current prescriptions were close to 6K per annum, when speaking to advisor. Today we went to Costco with a list of current drugs and walked away with a cash price of approximately 1K per annum. We never know what the future holds and will sign up for a drug plan, again from my understanding drug plans can be changed in the future, maybe once per year, but the enrollee is not subjected to medical questions and cannot be charged more for the plan or denied coverage.
If anyone wishes to share their experiences and knowledge regarding Medigap plans or drug plans it would be most appreciated.
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