Medicare Part B premium 2020: Rates and deductibles rising 7%

GreenSky said:
I didn't know any non-Medicare plans were available nor are indemnity plans even legal in CA after age 64.

Curious - what do you have?

Rick
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Yes apparently so. Thru my work, I pay $10 a month. Choices are $5 or $10. See below.
This plan offers 1k of Dental a yr after $50 co-pay
Prescription plan which is alright, I think it has a max of $300 a yr.
Life/AD&D
Some hospital/Skilled Nursing/ER/Ambulance/Xrays/MRI, etc...Doctor/Specialist visits are a bit expensive- $125

I also have a stand alone dental plan Metrolife, which is 3or 4k a yr w/$50 co-pay.

I do not pay co-pays since I use a Native American Health Clinic.

They offered to allow me to fill out claim forms? but somehow get the re-imbursement directly but I want them to have it.

I also have a HDHP which I've never used.

For some reason, it is not allowing me to attach screenshots of the PAN AM aka PANA MED Indemnity Plan. Grrrr...
 

California-Gal said:
Yes apparently so. Thru my work, I pay $10 a month. Choices are $5 or $10. See below.
This plan offers 1k of Dental a yr after $50 co-pay
Prescription plan which is alright, I think it has a max of $300 a yr.
Life/AD&D
Some hospital/Skilled Nursing/ER/Ambulance/Xrays/MRI, etc...Doctor/Specialist visits are a bit expensive- $125

I also have a stand alone dental plan Metrolife, which is 3or 4k a yr w/$50 co-pay.

I do not pay co-pays since I use a Native American Health Clinic.

They offered to allow me to fill out claim forms? but somehow get the re-imbursement directly but I want them to have it.

I also have a HDHP which I've never used.

For some reason, it is not allowing me to attach screenshots of the PAN AM aka PANA MED Indemnity Plan. Grrrr...
Click to expand...
Ok, I get it. You do indeed have an indemnity plan not Obamacare compliant. Which frankly is fine.

You're situation is SO unique I can't image anyone on this forum having anything similar.

Understand your drug plan is not considered creditable coverage so you will (unless low income) have a penalty if and when you pick up a Part D plan.

Rick
 
Also included in PAN AM is Group Life Insurance & AD&D- 15k or double
2k day for skilled nursing/hospital to 57 days a yr
$10/$25 drugs
MRI, big tests are $250 each
Blood tests, x rays
Ambulance- $250 day, max 4 rides a yr
Vision to $300 yr

No Chiro or Accupuncture but everything else you can imagine.

Most of our employees use the dental to 1k yr & Vision but I believe we all are offered real medical insurance if we work 30 hrs a week.
If we work 20 hrs a week (total 50) then that's where we receive this indemnity plan also. I work Wed-Friday straight thru sleeping 6 hrs a night on call
 

I believe with two plans (one Obamacare compliant) I am pretty covered.Yes the drug plan isn't the best, and neither is the group life/ad&d but we we also have another company for which I pay $10 a month for 50K/25K life/ad&d for my husband and I.

The "real" hdhp is useless to me, never used it. Deductible is too high
 
This indemnity plan can go with Medicare/Medicaid too but it will be considered primary.
No drug plan penalty for me since I the Native American Clinic Pharmacy is considered coverage in every way
 
California-Gal said:
I believe with two plans (one Obamacare compliant) I am pretty covered.Yes the drug plan isn't the best, and neither is the group life/ad&d but we we also have another company for which I pay $10 a month for 50K/25K life/ad&d for my husband and I.

The "real" hdhp is useless to me, never used it. Deductible is too high
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If you have a limit on medications it's definitely NOT compliant. There are no indemnity plans that are Obamacare compliant either.

It's possible that being able to access the health clinic avoids problems but I'm not sure.

Rick
 
Interesting information, thank you.
Verified Indians who access IHS Clinics can fill out an exempt form from the Obamacare mandate since it's considered credible coverage. Regarding Part D, there is no penalty though I am not sure how that is handled. I know it can be signed up for at any time w/out penalty

I've never heard of anyone Marketing Insurance to Indians but it always seemed like a great edge if one was selling an Indemnity Plan. Or some type of catastrophic plan. Drop off flyers in the waiting rooms or laminate and ask to place it on the wall. There are many wealthy indians at our Clinics due to Thunder Valley Casino. The sponsoring tribe is from Auburn.

The IHS clinic is $50 for a Nurse Practitioner visit for illness (actually it's free but since it's a tribal organization, we can donate to it to cover the visit). I've never needed compliant insurance.
 
Trade said:
https://www.usatoday.com/story/mone...0-deductibles-premiums-increasing/2541901001/


The announcement comes a nearly a month after the Social Security Administration set a modest 1.6% cost-of-living adjustment to benefits in 2020, which works out to approximately $24 a month for the average retired worker.
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If you want to try to predict future Part B deductible and Part B Premium amounts, you can use the Medicare Board of Trustees Reports.

The only thing hard to predict is the COLA increase. Much more some years than others.

Here's an article on Forbes that talks about the Medicare Board of Trustees Report.

https://www.forbes.com/sites/forbes...-medicare-part-b-deductible-get/#6b66f6174553
 


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