Don McCombs wrote:
Don't forget that you have already paid a premium for Medicare for most, if not all, of your working career. It may not be as cheap as you think.
That’s true and at this time I have no idea what that was. When I get back home if there is a way to get that information I like to have it. Mainly because I have very close friends on opposite sides of government entitlement issues and during friendly arguments’ they have…. I like to know what facts are correct.
These are the facts I do know: I’m staying at friends place the runs a business which employees 127 people. The only health care he can afford to offer his employees is $5000 deductible at $735 per month per family no dental or eye care. He pays the $735 per month for each employee and the employee pays the first $5000 deductible than after that no cost out of pocket.
I’m here to assist my friend the owner of the business because he has had major surgery. The total cost of the event was $92,875 minus $5000 he will pay. The insurance company contracted amount payment to the hospital was 25% of $92,875 and the hospital wrote the rest off. As we were going through the medical bills I contacted the insurance company with some questions and I asked joking if my friend could only pay 25% of the $5000 and they write the rest off….needless to say that didn’t go too far. The insurance company did say if the policy holder could not cover the deductible, payments could be arranged. (That sounds reasonable to me)
Mr.McCombs, hopefully an answer to your question… I’m in a home office where the payroll and checks are starting to be made for Friday. I asked your question and the accountant turn the screen towards me for the employee she was working on and as of YTD Medicare is $805.96.This employee has been here for 26.9 years.
Time for me to get off this PC…it has to be used for tracking a weather system.