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Moving NOB For Health reasons?

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Moving NOB For Health reasons?

Post by espíritu del lago on Sat Jun 17, 2017 7:25 am

PPOs and Advantage plans are different, and each one pays differently. Advantage plans are awful in general once you actually get sick. Anyone who can swing the cost of a supplemental would be much better off switching to traditional Medicare plus a supplemental. It costs more upfront but covers much more. I changed my friend as I had (POA) as soon as I got POA and open enrollment came. She owed $5000 in co-pays after a 3 week rehab stay. Since I switched her she's been back to hospital and rehab 2 or 3 times and owed nothing. (She's passed).
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***Just relating info from notes I took while helping.***

Everyone can get traditional Medicare. It's actually the default when you turn 65, unless you change it. Many seniors change to Advantage plans because they have no or low premiums and you don't have to pay a separate part D premium. The way they are marketed makes them sound like top-notch plans...again, once you get sick it's a different story. They all have gatekeepers, while traditional Medicare does not.
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I had many hours and kept notes so I could pass on this info.

_______________ More:

With the Advantage Plan you have, you're restricted to their rules...but they are Humana rules, not Medicare rules. Traditional Medicare is run by the Federal government, not insurance companies. The supplemental policies however ARE sold by private insurers, but they only support traditional Medicare plans.

Advantage Plans never pay enough when you need them. That's why they often have no premium.

............ More Random Info:
Costs:
https://www.medicare.gov/coverage/skilled-nursing-facility-care.html

Costs in Original Medicare

You pay:

Days 1–20: $0 for each benefit period.
Days 21–100: $164.50 coinsurance per day of each benefit period.
Days 101 and beyond: all costs.
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Lady Bird Deeds

Post by espíritu del lago on Sat Jun 17, 2017 7:40 am

http://www.mcelderlaw.com/lady-bird-deeds-2/
15 States recognise them, however I'm unable to find all of them.

Texas, Florida, and North Carolina are a given.
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Re: Moving NOB For Health reasons?

Post by Jreboll on Sat Jun 17, 2017 9:58 am

I just have Medicare A&B only. I just had 3 root canals at 110dlls a pop. My son paid 1400dlls in Houston for one. With what I've saved here in medical bills I can pay for any deductible back in the states. Nowadays HEB and Walmart offer huge deductibles on their meds (5dlls for her levothyroid) so our meds are not a large financial burden (yet).

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Re: Moving NOB For Health reasons?

Post by espíritu del lago on Sat Jun 17, 2017 2:39 pm

Just passing along info! Hope you stay healthy and never need the info..
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More Info

Post by espíritu del lago on Sun Jun 18, 2017 11:32 am

You can also work with a Senior Planning Agency.

Side note:

!!!***All info is different each.  STATE!!!***
______________

Eldercare attorneys are highly suggested if you can afford one.

Senior Planning Agency if available is another option. Again *State* specific.

Make sure you dot your I's & T's, I can't stress this enough!!!

Make sure you get more copies than you think you'll ever Possibly NEED!!!

Make sure you get a highly reccomended notary. I can't stress this enough!!

Do not keep POA IN THE SAFE!!! Have 3 copies, one in the safe is fine.
The reason why is holidays you will not be able to access it when you need it.

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Re: Moving NOB For Health reasons?

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