Healthcare is very important. Some locals have no coverage some locals have expensive coverage. And a good bit of us pay $200 for a single / $400 for married a couple
Is this what forty years gets you in
- Thread starter Shiftless
- Start date
35years
Gravy route
Until 65
Then medicare for most.
IF IF IF I remember correctly... some even have coverage after 65, which is incredible.
BrownFlush
Woke Racist Reigning Ban King
At 65 not most, all will be Medicare.
After 65, it is very incredible. Hold on to your ass.
Our Teamster secondary premium is the same as the insurance before 65. $450 per month.Which means at 65, your insurance cost you $300 more a month for wife and I (Medicare A&B). $100K yearly max limit before and after 65. In my 13 years of retirement before 65, my wife maxed out 6 or 7 times. Huge financial burden. Not crying. Just saying what I ran into.
So when the 65 birthday comes you are at $750 a month plus a mandatory drug plan (D) which is another $25 a month for each of us and it is pitiful. There are no good drug plans when you leave the Teamster nest. So, if you or your wife have some health issues, you will pay a lot out of pocket for prescriptions.
And of coarse the icing on that big cake is no dental or vision. I figure a $1,000.00 month for us.
Again, I'm not crying, but when you hear about people wondering what to do, whether to pay the electric bill or buy needed medicine, I know it's true.
That's why you have a 401k....
BrownFlush
Woke Racist Reigning Ban King
What's that? LOL!
I'm the great spender!
It's something that will help me get out of here well before I'm 65
BrownFlush
Woke Racist Reigning Ban King
I did stock. And it did me.
Right place at the right time. I even borrowed money to buy it when they opened the door for drivers before it went public. Lucky.
November 10, 1999 A day that will live in infamy.
Well that's good. Doesn't have to be a 401k plan or an IRA plan as long as you save a little something somewhere.
BrownFlush
Woke Racist Reigning Ban King
There's that save word..... No! No! A thousand times no!
How about spend a little bit less than you take home?
BrownFlush
Woke Racist Reigning Ban King
I don’t know… I might try it a time or two in 2022. It will be hard.
With the Joe Biden inflation is going to be hard to spend less than what you actually bring in
BrownFlush
Woke Racist Reigning Ban King
That 6% raise in January is a hurdle I’m just going have to try to overcome.
You can do it.
Did you drop the Teamsters as a secondary and just rely on medicare?
BrownFlush
Woke Racist Reigning Ban King
Last year this time my wife turned 65. I was 64. It was a no brainer. The premium for me alone would have still been $450 with or without the secondary for her offered by the local.
Next month, I'm 65. I signed up for the secondary offered by the local. If both are 65, with the secondary, it is split, $225 each if you decide not to sign one of you up.
She had around 2K in bills leftover after Med A&B paid last year. I never paid a nickel. Not fooling with it alone was probably worth it, so I went with the local.
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