On Saturday, April 3, 2021 at 12:26:03 PM UTC-4, Leon wrote:
On 4/2/2021 10:53 PM, wrote:
On Fri, 2 Apr 2021 22:45:43 -0400, "John Grossbohlin"
wrote:

wrote in message ...

On Fri, 2 Apr 2021 00:45:33 -0400, "John Grossbohlin"
wrote:


Yes it is scary... being frugal and staying healthy so you don't outlive
your income is important and challenging. Let us hope we all succeed at
that...

OTOH, I don't expect to live forever. There is something to living
well. I think we'll be fine, in fact all things considered I figure
we'll have about a $5K lower income and that'll be all but made up by
the state tax reduction (elimination) on retirement income.

As long as inflation stays moderate we will probably be OK. With all the
deductions for insurance, savings, retirement plan, and commuting costs
going away I'm ahead for now. I'll have to reassess every year... I haven't
figured out how to predict the future so I cannot do it now!

Well, insurance is still there. That can be expensive. My drugs,
alone, are a fortune. List is around $1K/mo. They're relatively cheap
now because of rebate cards but that all goes away with Medicare. The
drug plans (Part-D) aren't all that great. I still have a lot to
figure out about Medicare. It's almost like it was designed by
politicians.

My wife's retirement insurance pays 100% for her, 50% for me. My cost
of insurance went down when I went onto Medicare, and of course that
almost made up the difference in the reduction. I'm about $1000 better
off per year.

For comparable coverage, including expected co-pays, total maximum out-
of-pocket costs, in-network vs. out-of-network coverage, etc?

That's what we're working on now. e.g. we plan to travel more, increasing
the risk that I'll need medical care while away from home. We need to look
at which plans have decent out-of-network coverage so we don't get
hammered if I fall into the Grand Canyon or contract malaria in Africa.

With my luck, I'll get injured/sick just enough not to require hospitalization. ;-)

On the other hand, if I can avoid paying for substance abuse care and suicide
intervention, that would be nice.