
Americans have had it too easy for too long. They don't know real struggle so they can't appreciate what they have. |
"In theory" doing a lot of work there. And even if I did get paid 7.65% more it would not be a good deal compared to getting Medicare from age 65 for the rest of my life and Social Security. |
Stated millions in taxes, not for OASDI taxes. |
medicare tax is 1.45% from the employee and company, so 2.9% and that is on ALL income, no cap. If you have any investment income in retirement, medicare is "not free". So you have paid high taxes on it and yet still have to pay. My spouse and I will have to each pay over $600/month for Part B alone. |
I think there are elements of “comparison is the thief of joy,” plus people don’t know other people’s struggles, plus if you’re surrounded only by people in similar social economic situations it’s easy to think of everyone else as “other” and somehow less deserving than the people you know. Then if you add any fear mongering and disinformation you have really angry people. |
WHAT! I didn't realize we would have to pay for medicare each month in retirement, WHAT THE HELL. And i bet that can go up. WOW. I am looking at it and it looks like the non pay option only covers hositpial visits and emergency care but if you want a real health insurance which is B you need to pay a premium. THIS IS WILD. |
If you are poor, you can get qmb where medicaid pays your Medicare premium. If you are rich, there are premiums (figuring out part d, medigap, and Medicare advantage is going to blow your mind!) but it's a lot cheaper than private insurance. My parents retired in their early 60s and buying insurance on the exchange was about $1500 a month and there were still deductible and copay. Medicare is a huge savings. |
Disclaimer- Didn't read the thread and know little to nothing about social security.
So social security payments are based upon your income during your working years. But there is an option to collect from someone else, so your income is basically irrelevant (assuming it's less than your spouse) if you are married. And I'm assuming everyone is paying for this benefit. Something about this doesn't seem right |
Yup---Part B premiums start at $185/month(per individual) (if you make less than $106K) and go up to $628 (per individual) if married and make more than $394K/year. So yes, each individual pays $185/month for Medicare Part B and another $36/month for Part D (Prescription coverage). So $221 per individual and $442 for a couple making less than $106K. And IMO, every person (including those over 65) need "real health insurance" and prescription coverage. So Part B and D are not really "optional". Once again proving that the healthcare in this country is messed up. Doesn't have to be, we waste a ton. And fact is, something like healthcare should never be "for profit" with Aetna, BCBS, UHC, Kaiser, etc making millions yearly and paying the execs $10s of millions yearly. It's healthcare and should be a basic right, not something people are attempting to profit from |
Yes, medicare is a "savings" over the private/exchange plans. Those will run you much more than $1500/month in my state (unless you mean $1500/month per person, but even then it's closer to $1800/month/person when you are 60+, and $7K+ deductibles per person as well) |
Yes- I think of it as inheriting a strong house, maybe needs some work. You are so used to the house standing that you don't really understand it's structure. You get a bit cold one day, and decide "hey maybe that big long piece of wood over there is good to build a fire!" You don't know that of course it's a structural support for the house- sort of like social security or NATO. At first you get warm fast, this is great! There are all sorts of big pieces of wood just right there for the taking, might as well burn them too- support beams like FDIC, federal courts, etc. You don't understand how the house was built or the effort of upkeep, so you piece by piece destroy it for momentary...whatever. |
Same with my parents. 1100 each PPO private pay (cheaper than aca bc they could get through mom’s union) and now with dad still working self employed they are each paying $600/month for A B and N Medicare. So big savings. My grandmother with no income other than SSI and small pension pays something like $65/month with great coverage. |
Brilliantly put! Might even be accessible enough to break through to some MAGAs. Maybe. |
It's the same as the private equity playbook- burning through customer goodwill for short term cash. You destroy the long-term value, but who cares? You are long gone by then. |
Wow, thanks for adding nothing to conversation. Are you a foreign agent like OP? |