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Reply #255: Wouldn't lose any money? [View All]

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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-12-11 04:38 AM
Response to Reply #25
255. Wouldn't lose any money?
Edited on Tue Jul-12-11 04:53 AM by No Elephants
If at ages 65 to 67, they are lucky enough to still have a job with a large company that insures them and their dependents, and they are healthy enough to avoid co-pays, maybe they won't lose anything. That's a very small group. In any other scenario, they will.

Unless an employer insures them and their dependent, they will lose two years of health insurance premiums, which, at ages 65 to 67 will be quite hefty. If they've been paying the "Affordable Health Care" individual mandate penalty because they simply cannot afford health insurance, they'll lose two years of those payments.

And, if they should get something like cancer while uninsured, they stand to lose all they own.
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By the way, this thread is about raising the age for Medicare eligibility, not about raising the age for full old age benefits under OASDI. That age is already 67, but the folks who raised it were sufficiently humanitarian to leave the Medicare eligibility age at 65 (or cowardly enough, depending on how you look at it).

If it were about raising the retirement age under OASDI, your statements would make less sense than they do in the context of Medicare. How is going from eligibilty for full benefits, say $12,000 or more a year, even if you work, to zero benefits a year for two years NOT losing any money?

Well, never mind trying to explain that, because, as I said, the thread is about eligibilty for Medicare, not the age for full retirement benefits.

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