Lifestyle of Seniors - Can Save or Not?

by merdycarroll

Posted: 11 years ago 14 replies

OFF TOPIC

If a senior citizen decided not to buy insurance, how does it affect his or her lifestyle?

#lifestyle #long term care #save #savings #senior citizen #seniors

seasoned

11 years ago

Senior citizens in the US can still buy medicare. The PLAN is to morph THAT into the "famed" "single payer system". The timeframe is around 2019 or 2024, but could be earlier.

Despite what people may think, older people DO have a lot of things going against them. Personally, I would suggest that any older person have life insurance.

In the US, I imagine they would charge the penalty. The first year will be the lowest, and could be as low as $95. Future years could go sky high.

Steve

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Sumit Menon

11 years ago

Originally Posted by seasoned

So you are saying Obamacare was deliberately made to morph into a single payer system? That explains a lot of weird stuff in it.

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seasoned

11 years ago

Originally Posted by Sumit Menon

So you are saying Obamacare was deliberately made to morph into a single payer system? That explains a lot of weird stuff in it.

YEP! Medicare was expanded to accept some not otherwise covered, and is in the line of the promise of the "HCP". MEANWHILE....

Insurance companies have unreasonable limits, and are to be audited every 5 years. After 2 strikes, they are OUT! Hosptals have other things, etc... and there are taxes, etc.... but have said too much already. BTW if insurance companies don't exist, or will not provide insurance, the person gets shoved into medicare.

Steve

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Dennis Gaskill

11 years ago

Originally Posted by seasoned

YEP! Medicare was expanded to accept some not otherwise covered, and is in the line of the promise of the "HCP". MEANWHILE....

In some states. Wisconsin is not one of them.

https://www.healthcare.gov/get-cover...e-marketplace/

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Just when you think you've got it all figured out, someone changes the rules.

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seasoned

11 years ago

Originally Posted by Dennis Gaskill

In some states. Wisconsin is not one of them.

https://www.healthcare.gov/get-cover...e-marketplace/

Medicare is supposed to be FEDERAL. Medicaid is state.

As for that site you pointed me too, I am not digging deeper into that until I know I am cloaked WELL!!! Perhaps I did too much already. The last time I went to such a site uncloaked, I started getting SPAMMED! I was perhaps every day since up to yesterday. OK, OK, they SKIPPED the 29th! 30th? 3 times! 28th? once 27th? once 26th? twice. etc....

Steve

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DubDubDubDot

11 years ago

Originally Posted by seasoned

As for that site you pointed me too, I am not digging deeper into that until I know I am cloaked WELL!!! Perhaps I did too much already. The last time I went to such a site uncloaked, I started getting SPAMMED! I was perhaps every day since up to yesterday. OK, OK, they SKIPPED the 29th! 30th? 3 times! 28th? once 27th? once 26th? twice. etc....

100% coincidence.

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seasoned 11 years ago

Originally Posted by DubDubDubDot

100% coincidence.

Actually, I heard a few days ago about someone else that had the SAME experience. Why do you think it started right after I visited? The site had been there at least a couple years before I looked.

Steve
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- Kay King 11 years ago
  
  That attempted power grab by the IRS sailed through the Senate - only in the House was it criticized and denied.
  
  With the IRS expansion of size and power through the health care bill - you can expect to see more power plays in the future.
  
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  Saving one dog will not change the world - but the world changes forever for that one dog
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  Live life like someone left the gate open
  
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Joe Mobley

11 years ago

If the senior citizen expatriates to, let's say, Thailand their lifestyle will improve dramatically.

Expatriates are exempt from Obamacare. They can continue to receive Social Security and some other benefits.

Worth looking in to if it's a fit for you.

Joe Mobley

Originally Posted by merdycarroll

If a senior citizen decided not to buy insurance, how does it affect his or her lifestyle?

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seasoned

11 years ago

Originally Posted by Joe Mobley

Better not let the IRS think they could charge you. They could refuse passage, etc... I heard there is also a new expatriate tax!

Steve

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Joe Mobley

11 years ago

Charge me for what? In fact, if you stay out of the country for an extended period of time, you may be eligible for a $90,000+ tax deduction.

The IRS can not restrict ones travel. Only the State Department can revoke your passport.

Regarding a new expat tax, perhaps a bit more specificity.

Joe Mobley

Originally Posted by seasoned

Better not let the IRS think they could charge you. They could refuse passage, etc... I heard there is also a new expatriate tax!

Steve

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seasoned

11 years ago

Originally Posted by Joe Mobley

OK, I heard it had passed, etc... Apparently, the senate DID sneak it in and passed it, but it didn't pass the HR review:

Provision Allowing IRS to Lift Passports Cut from Highway Bill

Regarding a new expat tax, perhaps a bit more specificity.

Joe Mobley

Yeah, have just heard from a few places. I'll have to check.

Steve

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CigCarter 11 years ago

Insurances vary per country. If you're in a country who's senior citizens will most likely end in home for the aged, then you should consider having one. If you live in a country who's senior citizens will live alongside with their families until they pass away, then maybe not purchasing one may not be a bad idea.
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RIGGER53 11 years ago

Medical insurance is a must,for seniors,because if they don't pay their doctor,and hospital bills,they will end up losing every thing they own.all their medical bills will go into collection,and they probably could get sued.Senior citizens,which I am one,at 60 years old ,oct 6th,start going to the doctors more,and more,because they start breaking down,inside,and I make paying my medicare,a priority.
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Lifestyle of Seniors - Can Save or Not?

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