Medicare doesn't kick in until you're 65 or 67 now? Unless you apply for Social Security retirement at 59.
You'd be under Medicaid , which I believe is a state program.
Knew a couple guys, on Medicaid and Medicare until 65 , got a lot of perks , but lost a lot of them when they were 65.
But it depends on how much you get in SS benefits .
I really have no idea how they had both, but know it can be done.
Might have something to do with a company retirement plan they couldn't get until 65?
Would lose 1/2 if early?

Medicare has been and still is at 65.

The only way a person gets Medicare earlier is if they are allowed to get on Social Security Disability. The government actually wants people on SS Disability to get onto Medicare. My wife got on SS Disability at age 60 because of multiple health issues but I still had her covered under my health insurance and we had to provide documents that she was still covered under a group plan. Now for her to get on Medicare without a plenty when she turns 65 this year, she has to prove she was covered by a group plan during the time she was 60 to 65.

Most people get denied at least once getting onto Social Security Disability and usually only get on through appeals.

Some employment situations, usually through unions, have some special carve outs when it comes to the older government health coverage.

Medicaid is a federal/state split, where the state government has to pony up a proportion of the costs. I don't think there is any state money in Medicare.

About a third of Medicaid spent in many states covers long-term care costs. If you live a long time in a nursing home, mostly likely Medicaid will become involved unless you and your family are truly rich. There are price differences in such long term care facilities. Someone that doesn't need a lot of nursing care costs less than someone who is in the full nursing care wing.

My parents "retirement center' had three parts to it:

Independent living apartments where they got I think one full meal a day in their costs, along with house cleaning about once every 2 weeks. They paid full costs.

Assisted care living where they had someone check in on them every day and got all meals covered. My dad paid full cost.

Full nursing home care. They paid full costs.

My folks lived in the independent living apartment from sometime in 2003 through March 2006 when my mom went into full nursing care wing for 3 months before going into hospice. The full nursing home cost in 2006 at that facility was $12,000 a month, I wrote out the checks for my dad (he was blind but could sign them). I think Medicare then paid for my mom's in patient hospice that went on for about three months. She ended up dying from a UTI gone septic which was a blessing in the end.

My dad lived in an assisted living apartment for about a year and half in 2006 & '07. It ran a bit over $3,000 a month.

These prices are from 20 years ago.

I went without insurance since '97.

Figured I would pay out of pocket if I needed a doc. One more year and I'm 65

At what age are you wanting to retire at?? And what is your yearly expenses?

Is Obama care insurance any good? I thought it had $5000 deductable, medicare is $185 a month, I recently canceled my supplementary insurance, high deductible an expensive, I never made use of it an could see how it would help, a agent talk me into sign up for it last summer, I did without insurance for 5 years at least, went to slide fee clinic, don't have dental insurance, more money not cheap an not real great of insurance, probly 1 dentist in town that accepts the insurance even

Uh.... I didn't say a thing to or about you... was replying in regards to others' comments on this thread.....

But whatever....

What you retire at will change in many cases Thrivent bumped me up $80 more a month when I hit 70 that was not a pleasant experience so plan for the bumps in the road. They know once you hit a certain age it’s not feasible to change providers and pay less for the same coverage you had before. Started at $140 now around $350 a month for supplement coverage.

It’s a racket not much you can do about but go rob a bank and get free healthcare and a roommate named Bubba.

Well, hippie, you've almost won the gamble. Good luck until your magic 65th birthday.

Most self pay people get charged full price. A good proportion, although I don't know the percentage, of self pay end up not finishing up what they owe and then get turned over to collections. So, another industry gets created or at least increased.

Most health care systems already know the percentage of self pay that won't pay all that they have been charged and so build in those losses in what they charge (or attempt to charge) insurance companies or the government. That's why a lot of health system insurance plans are more expensive in premiums, there is no other insurance middlemen in between them and the patients.

Yeah, it was a gamble in case I got injured.

I was able to retire in my mid-40's and kept my BC/BS Federal along with TRICARE/VA . Very grateful to have had those.

I mean , I've one had one drug administered that cost $15,000 followed by a helicopter ride that was almost $60,000. Things added up quick.

affordable care act insurance is government managed health insurance subsidized by tax revenue for people under 65.
medicare is government managed health insurance subsidized by tax revenue for people over 65.


taking yote's stance against obamacare but later enrolling in medicare would be inconsistent.

I don't know why there is so much discussion about "early retirement". If you have enough funds and other resources to live without working does it matter at what age that occurs?

Bryce

Not really, imo Something kansas

One you charged directly for your entire working career, the other is subsidize, but you won't be a burden on unless you take it up.

can we do unemployment next? you won't be a burden unless you take it up.

I notice the ACA ads have a very low price then a disclaimer about other supplemental support what’s that about?

I'm not familiar with that, in Pennsylvania self employed don't pay into it or can we get it.

OK I don't really understand the whole insurance scam.
But social security charges me over 300 a month for parts A & B , now advantage plans somehow reduce that amount.
Even to zero. So you that money back in your monthly payment.
Some plans have large deductibles , on medications , others have them on medical procedures.
It's a mess to decide which plan to use.
Right now I get 12-20 scam calls a day for advantage plans!
It's against the law for them to call you, unless you contact them first.
That's how you know the calls are a scam.
I even had one idiot knock on my door and tried to walk in my home saying the state sent him for health insurance.
I asked him who sent you, and all he kept saying was the state@!

Maybe I should of let him in, and used the castle defense!

I just pay into it. I've never collected.

I will have 27 years in the union at 61 . It will cost me about $800 per month through the union for my wife and I until I reach medicare age. Then the union will kick in any cost over and above. Counting the days!

Sure, just another socialist scam.