Monthly cost go up with transition to Medicare?

Post questions that you think others might help you with that are not already in other forums.

Monthly cost go up with transition to Medicare?

Joined: February 23rd, 2012, 1:42 pm

February 23rd, 2012, 4:19 pm #1

I will start Medicare in May of this year. I am getting information about the changes etc. I was quite supprised to see that when I go on Medicare, my monthly insurance costs will go UP not down.
I do not understand this, and wonder if it is normal or if there is something I should be doing to get a better deal.

Specifically, I am now paying $781 per month for medical insurance for my wife and I. Starting in May I will pay $712 to Lucent for medical insurance for my wife and my medicare supplimental policy. In addition I will pay $99 a month to Medicare, for a total of about $812 per month or a $40 increase. It looks like the regular (non Medicare) insurance is the same monthly premium for one or two people. This does not sound right.

Clearly United Health Care benefits by being secondary to Medicare for me, and nothing changed for my wife. The premium should go down, not up!

I do not seem to have a choice, other than to leave the plan altogether. Is there something I should know or be doing differently?
Quote
Like
Share

Joined: June 17th, 2008, 8:44 pm

February 29th, 2012, 5:58 pm #2

The monthly charge ($99 in your case) by the Gov't for Medicare "B" is something that we are all subject to and is taken out of our monthly social security check. What you pay for your insurance for yourself and your wife is a matter of what Medicare supplement coverage you elect coupled with your wife's plan costs. It is apparent that she is not Medicare eligible. Non-Medicare health insurance is typically the most costly by a considerable margin. Currently, if both you and your wife were Medicare eligible and you both took the UHC MA PPO plan, your total monthly premium, for the two of you, would be $80.06. Of course you would both have the added cost of the Medciare "B" premium.
I suggest that you check with the ALU Benefits Center to inquire further about the cost of her insurance apparently being the same going forward as it has been for the two of you. Their tel. nbr. is 1-888-232-4111.
Quote
Like
Share

Joined: February 23rd, 2012, 1:42 pm

February 29th, 2012, 9:38 pm #3

Thanks for your comment.

I did call, and it appears that they have increased the level of coverage for my wife which accounts in part for the high premium. There doesn't seem to be any choices here. It's a rip off, United Health Care is getting essentially the same money with 1/2 of the exposure. However, there is nothing that I can do about it with the benefits department.

Perhaps I should direct a note to whoever regulates insurance.

Thanks again for your comment.

Allen
Quote
Like
Share

Joined: May 4th, 2012, 4:14 pm

May 4th, 2012, 5:02 pm #4

Hi Allen - Reading your post, I was curious if you were a retired "management" employee or a retired "non-management" employee.

I have noticed the radical differences between coverages and costs depending upon retiree status coupled with his/her physical location in the U.S.

Roger
Quote
Like
Share

Joined: February 23rd, 2012, 1:42 pm

May 4th, 2012, 11:35 pm #5

Roger,
I am a management retiree. Is that a good thing?
Allen
Quote
Like
Share

Joined: May 4th, 2012, 4:14 pm

May 6th, 2012, 3:54 pm #6

allent wrote:Roger,
I am a management retiree. Is that a good thing?
Allen
HAHA! Not certain what is or what is NOT a good thing any more. My daily goal is fly under the radar and try not to make too many people mad.

Roger
Quote
Like
Share