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Seniors

In reply to the discussion: Cost of Senior Living [View all]

PoindexterOglethorpe

(25,746 posts)
18. I am horrified to see how many have only SS for income.
Fri Dec 16, 2016, 04:45 AM
Dec 2016

I think we all to readily forget that the costs of all sorts of things rise every year, and too many of us stop working without taking that into account.

For what it's worth, I'm retired. I have SS, a tiny pension which is about a third of what it should be thanks to that company declaring bankruptcy and shifting its pension obligation to the PBGC, and savings that generate more than half of my income.

I'm also on Medicare, with an Advantage plan. Mine is completely covered by my Medicare parts B and D, so I have no additional out of pocket expense for them. I also have the good fortune to be exceedingly healthy, so I don't have much in the way of medical costs.

I know all too well that things like that could easily change for me.

Cost of Senior Living [View all] Yonnie3 Nov 2016 OP
Oh, yeah... TreasonousBastard Nov 2016 #1
Social Security is my only income lillypaddle Nov 2016 #2
I found a way to cut 90% off my prescription costs. dixiegrrrrl Nov 2016 #7
thanks for the info lillypaddle Nov 2016 #8
I checked on two of my many prescriptions lillypaddle Nov 2016 #9
The discount sites are not much help with non-generics dixiegrrrrl Nov 2016 #10
Listen, I appreciate your info lillypaddle Nov 2016 #11
GoodRX is amazing! RealityChik Dec 2016 #17
Who is behind GoodRX, i.e., who is paying for the drugs? No Vested Interest Feb 2017 #21
I will check into this Sherman A1 Dec 2016 #19
I can only commiserate. I am drawing my SS, but I continue to work because Hoyt Nov 2016 #3
I'm not in an Advantage plan Yonnie3 Nov 2016 #5
Have you gone to MyMedicare.gov to see Part D plans for '17? alfie Nov 2016 #4
No, I have not. Thanks for the suggestion. Yonnie3 Nov 2016 #6
Though Medicare is good for seniors it does not cover everything. Thinkingabout Nov 2016 #12
Some conflate Medicare with Medicaid, Yonnie3 Nov 2016 #13
If your income is low enough TexasBushwhacker Feb 2017 #20
As I understand it, one can have no more than $1500 in assets if going on Medicaid. No Vested Interest Feb 2017 #22
It's something like that, but I don't believe they count TexasBushwhacker Feb 2017 #23
I wake up at night worrying about if we'll outlive our savings. trof Nov 2016 #14
You are one of many. Yonnie3 Nov 2016 #15
It got worse Yonnie3 Nov 2016 #16
I am horrified to see how many have only SS for income. PoindexterOglethorpe Dec 2016 #18
Latest Discussions»Support Forums»Seniors»Cost of Senior Living»Reply #18