Browsing: Insurance

Q. I turned 65 last October and was under the impression that I had to sign up for Medicare. I am a retired Federal Aviation Administration employee with Blue Cross Blue Shield health insurance. I have three prescriptions and a regular, semi-annual medical exam. With BCBS I pay $25 co-pay for each office visit. My co-pay for my quarterly prescriptions with only BCBS is around $22. I am paying $365 every quarter for medicare and it eliminates my semi-annual co-pay for physical exams and reduces my quarterly prescription co-pay to $5 — so roughly $200 in routine medical expenses with BCBS and…

Q. I’m about to retire from the government.  All of the financial advisers I talk to say that my spouse and I should buy long-term care insurance, but the monthly cost is so high I can’t afford it. Is the long-term care insurance offered through the federal government (FLTCIP) worth buying for my wife and I? Note – I don’t expect to have an enormous amount of monthly income at retirement and insurance is eating up my projected monthly budget.

Q. I am retired and will be turning 65 years old in July. My federal insurance is with Blue Cross Blue Shield, and it covers my Medicare Part A and Medicare Part B, as well as prescriptions. I received a letter in the mail saying I have been automatically enrolled in Medicare Part B and that it will cost me $104 per month. Since I am already paying for BCBS, won’t that cover my Medicare Part B and prescription drugs? I do realize Medicare will be my primary and BCBS will become my secondary. So wouldn’t BCBS act as my Medicare Part B? I also still have dependents that…