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Reply to "Retiring on $60k/year"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There's no way that's enough. My dad had bypass surgery, and the bill was $245k. The portion his insurance and Medicare didn't cover is still $41k. And they have a paid-off home and very, very good old school pensions. [/quote] This is scary. We are all.in trouble.[/quote] Makes no sense. There are out of pocket maximums. [/quote] Just did the math and if all he had was Medicare Part A (no Medigap or other insurance) the maximum out of pocket would have been about $35 if he was in the hospital for 150 days. If they were in for under 60 days, they’d just pay the $1,676 deductible. PP indicates he had other insurance, which should cover at least some of the difference and have an OOP maximum. I had an elderly relative who had Medicare and retirement insurance, and paid almost nothing for hospital care. If it was $41k he either had serious complications or something else was going on. [/quote]
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