Being eligible for Medicare is a game-changer. We who are self-employed can switch the funds we were paying for health insurance to improving our business. Employees can consider retiring or opting for part-time or contract work. That's the good news.
The bad news is that, if we are smart about money, we have to invest the time in selecting supplementary coverage. To me that seemed a lot more complex and scary than choosing a mortgage. After all, do that wrong and I could be wiped up financially. Medical care is expensive for all generations. It could result in catastrophic costs for those of us who are aging.
My objective in attending the "town hall" meeting about United Healthcare's Advantage program was to check out if I had done right by myself when I selected it in April 2014. That was when I had relocated from New Haven, Connecticut to Tucson, Arizona. Pronto I had to choose a new provider for supplementary coverage.
During the open-enrollment period, I had time to do more due diligence. I made it my business to do the needed work.
The briefing was held in the Jewish Community Center on E. River Road, Tucson, by Lynne D. Ball.
Of course, I was braced for being buried verbally in benefitspeak. After I parked my car, I walked to the Center as if I were on my way to the gallows.
Shock. Ball talked peoplespeak. Her focus was entirely on protecting my pocketbook. Because her delivery style was so open, I even asked about how I could manage medical coverage if I relocated abroad. The comprehensive answers I received made becoming an expat seem not such a financially smart option.
I had been toying with the idea of migrating to Spain or Bulgaria when I was semi-retired in about 7 or 8 years. Thanks to Ball's briefing, I recognized the tradeoffs I would have. Perhaps I will move on to Plan B and purchase a RV.
I want to thank Ball and United Healthcare for ensuring that even a bad health year won't eat up my nest egg.