According to an article in Forbes, "A 65-year-old, healthy couple can expect to spend $266,600 over the course of their retirement on Medicare premiums alone, not including out-of-pocket expenses or long-term care costs.

Here's the link.

I'm afraid I don't understand it, though. I signed up for a MediCare advantage plan with Kaiser. I think I pay about $100 per month for my medicare premium and $10 per month more for Medicare Advantage. My copayments on MediCare Advantage are modest.

Here's a link that seems to describe in detail what my copayments are, what my out of pocket limits are, and so on. Multiple long hospitalizations, non-formulary drugs, and so on, could add up but I don't see how I could end up paying $100s of thousands of dollars out of meager retirement savings and income.

What am I not getting? Am I just better off, in terms of retirement income and savings? Am I just smart or lucky because I signed up with a Kaiser Senior Advantage plan? Of is there something ominous I'm not getting?

Thanks in advance.

Submitted September 09, 2018 at 03:14AM by jollybumpkin https://ift.tt/2oT9n7t