And it's time to talk about Medicare supplemental insurance again.
10 years ago
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- 10 years ago
- 10 years ago
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Which supplemental Medicare plan do you have?
Comments (29)Just thought I would report back that I looked into Bankers Fidelity and for me it is $205 a month for Plan F and $141 for Plan G. Plan F is an "issue age plan" and G is an "obtained age plan". I called the company and a very annoying local insurance agent called me back. Actually she seemed to know her stuff but her manner was annoying. I think AARP is going to be hard to beat. I downloaded and printed a booklet called Choosing a Medigap Policy and it is very helpful. It makes things clear and has great advice about what to ask an insurance agent if you choose to buy from one. It's on the medicare.gov site. Maybe my research will help the next person and it certainly helps me to bounce these questions off all of you!...See MoreLet's Talk About Insurance
Comments (16)We still own our last house, and not because we want to! We moved out of that house on Thanksgiving weekend of 2005 and spent the winter getting in shape to sell - taking off wallpaper, fixing the bathroom ceiling, cleaning, painting and mouse-proofing the basement, putting flooring on the steps to the basement, and painting the whole main floor. Then we had the original wood floors refinished. March 1, 2006 it went up for sale at $160,000. A year and a half later, we got our first offer, a rent-to-own situation for $140,000. Because she had credit problems to fix, we did a 2 year lease before purchase. By that time rolled around, the house was not worth the contracted price and the deal fell thorough. Going price for a house like ours? $85,000. This is where the insurance comes into play. We are paying high-cost landlord insurance. The agent told me that he is being told to stop the insurance on all empty houses! If we could not find a new tenant, we would have an empty, uninsured house. Luckily, we had my father-in-law's caregiver and her husband ready to move in. Part of the deal I made with her to get her to return to Michigan and resume her caregiving for Dad was that she could live in our old house at the same price she had paid to rent the two=bedroom apartment they had here before going back to Florida. So I am getting about half of the cost to keep up the house each month in rent, but am glad to have someone in the house at all. I told the agent that I would move back to the house before losing the insurance. It is only 5 minutes from my work. I could see DH on weekends and I could keep one of the three dogs we have there with me at the old house. There is so much vandalism of empty houses that insurance companies are no longer insuring vacant home in the Detroit area. ML, we have a high deductible, I thought - $1000. I have never heard of a deductible by percentage. How does it work? I agree that oceanside and barrier island properties should not be insurable if it means that we all have to help pay when they are destroyed. I expect to hear that a lot more areas join that list as global warming changes weather patterns. Places like Paterson NJ or the area around the Red River in North Dakota might not be insurable soon....See MoreCan we talk insurance companies (home/auto) again?
Comments (25)We have Farm Bureau for home and auto. Also have a life insurance policy with them (hubby) and have had both boats and rvs insured through them. We have had FB for probably 25-30 years. In this house we have had 3 roofs in 18 years. This one has been on a while (knock on wood!). For several years we had some bad spring storms with some serious hail. Both times FB was wonderful to work with. We didn't have to submit multiple estimates and the claim was paid quickly. Last year on a day I was working, I was coming back from lunch and a student and I collided. Police could not assign blame (I honestly think we were changing lanes at the same time) so each of us handled our own vehicle. They are great to work with on an auto claim. We had to use them once before for an auto claim and the one body shop in the area we would choose to use is set up with FB. All you do is take your car in. They handle everything, even a rental car if needed. My only complaint is we had a wonderful agent for years, and are not so fond of the younger agent who took on his clients (original agent retired). But it's a personality thing, I can't say he doesn't do his job. In both the roof claims and the recent car claim, our rates didn't go up. The home owners did eventually, with an explanation of so many claims, etc. due to storms in the area. It was not a major increase though. We do get discounts for having multiple policies, for having an alarm system, for having fire coverage, etc. I manage my grandmother's affairs and she has had Travelers for years. She also had a claim a few years back due to hail and they were good to deal with. However, they did the depreciating method, which I do understand. Her rates seem high compared to ours....See MorePre-medicare health insurance
Comments (19)Well around here many primary care physicians don't take ANY new patients regardless of how they pay. I've not heard of anyone having any worse problem because they are on Medicare. I managed to find a new PCP for DH when his retired but it was difficult being that I wanted someone who was educated in the US and spoke English as their first language. I love my internist but she's my age and I'm concerned about her retirement. I think I may switch to DH's doc while she's still taking new patients. Anyway regarding insurance coverage. I got my Cobra rates from HR today and they are HALF the price of a comparable plan available in the MN marketplace. So I would by all means go that route and it at least reduces the average per year price. It would be nice if I kept working until 18 months before Medicare but not sure that will happen - not willing to work 50-60 hours a week again and never be able to take vacation that doesn't turn into workation. Lots of great things going on at my company since a change in ownership including very interesting, challenging work for me but I'm just not into working all the time any more. Did that for many years and loved it but no longer. Friends have asked me for a few years when I plan to retire. I told them I had no plan but I'd know when it was time. I think the time is coming up soon....See More- 10 years ago
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