Can you afford your health care? How much of your income goes to docs and meds? Use $$ or % at what age?

Question

I'm paying $500 per month at age 70. What will it be at 80? 90?

Answer 1

I am 58 and was forced to retire. I receive a little over $4000 a month in retirement pensions. Roughly 16% goes to taxes. A whopping 39% went to Medical expenses last year. It will got to nearly 45% this year. This is private medical insurance. This i feel is an atrosity in our times when nearly 50% of a persons income must go to an insurance company to be give to share holders that suck the life out of the consuming public.

I feel that all Medical programs should be run by non-profit organizations like Kaiser Permenente Medical Foundation

The premiums for KaiserHMO are only $648 per month vs $1195 for Pacific Care PPO. I am FORCED to have the PPO because I do not live in a Kaiser covered state.

This is legal theift. And Congress just gave away another $150 billion over 10 years to the insurance companies to fund the privatazation of Medcare. So I am getting hit twice. Once in premiums and again in taxes.

And it is all driven by greed. The Almighty Dollar. This country ought to not fly a flag of stars and stripes any more. It should be a blown up copy of the dollar bill!!! Greed and corruption reigns in the US

Answer 2

I pay for a crappy plan, which costs me $250 a month. My deductible is $3000 a year. They don't cover everything or shall I say hardly anything. I had blood work done a couple of weeks ago and received 2 bills totalling $813. I keep the coverage because other companies have denied me. I paid well over $600 out of pocket for a biopsy on a false positive. If I were to get rid of my insurance, I'd probably break both of my legs tomorrow and that would be covered. I've been struggling for years to find a better option. I am 33 years old.

Answer 3

No problems. What Medicare doesn't cover is covered by Tri-Care For Life which is a Defense Department program for military retirees 65 years old and older. So, I have no out-of-pocket expense except for drugs.
I have co-pays for a 3-month supply of medicine. $3 for generic and $9 for brand name. I do pay a monthly premium for Part B Medicare coverage which is deducted from my Social Security check. My wife is similarly covered and we pay her premium on a quarterly basis since her pension is not from Social Security.
I expect the Part B premium to increase each year for the remainders of our lives. Given past years as base data, it will probably reach $150 a month by the time I reach 80 years of age.

Answer 4

Yes. It's about $100 a month with a $5000 annual deductible. It's catastrophic insurance. I'm lucky to be healthy. I exercise and eat right. It is shameful that the US, unlike every other advanced country, does not provide universal health care for its citizens. This results from the lobbying of the health care and pharmaceutical industry.

Answer 5

I thought I had it bad & then I read everyone else. I pay $490.00 per month. That is for COBRA. I have COPD so no one except Blue Cross will cover me. They cannot turn anyone down.

Whichever candidate can make the American people believe he/she has a medical plan that will work will be the next president. Our medical plan for a country is disgusting & there is not one reason in the world for it. No one should be without coverage & no one should pay the premiums we have to pay. I have collections calling me on medical bills I owe. I tell them the truth, I pay the house payment, utilities, food & other things that are needed to live a decent life. If there is anything left over, you will get paid. Go ahead & sue me...............Good Luck...........

Answer 6

For now, we can afford our health care. We have Medicare and we pay a monthly premium for supplemental care. I think it's in the vicinity of $500 each.

We also have coverage for meds, but the deductible is high. My husband's deductible is usually met in two months; it takes about 4 months for me, because I take fewer meds.

If our children can become self-supporting, our reserves should last us.

Answer 7

Well lets see, in Malaysia and Thailand, health care only comes in health insurance. You pay what you get. So, If you pay more the less care you get, the less you pay, the doctors don't even think you are sick. So, actually what gives with these schemes and also so call protecting the public's health?

Sounds like it is all a money making scheme to fund the Government's funding for their holiday trips to Fiji island only...

Answer 8

Well, $41.40 comes out of my Social Security check for my prescription plan....and close to $90 for Part B. My meds cost me an additional $204 mo...[two only have a co-pay of $2 each, but one is not covered]

I still work FT so that helps

Answer 9

around 600 a month but I have dental and lots of ins and I am in my late 60's so at the age of 80 I can no longer afford me?

Answer 10

I'm 60, pancreatic cancer, on disability. Thankfully the VA has covered me through this.
Since I was diagnosed in Dec 06, I estimate the bills total around $100,000. $5000 in private hospitals. The rest VA.