Mid-Term Exam
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- Poppop
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Mid-Term Exam
Answer the following 2 part question and use the margins to show your calculations used to arrive at your answer.
Grandma and Grandpa are given an increase of .3% in the Social Security monthly payment. The increase amounts to $7.04 total.
Grandma's and Grandpa's Medicare Advantage Health Care premium is increased from $59.50/month each to $75.00/month each.
1) At the end of the month, how much are Grandma and Grandpa in the hole?
2) Using your answer from question #1, not considering any increase in property tax, food or other necessities, how long would it take Grandma and Grandpa to get to the Poorhouse?
Grandma and Grandpa are given an increase of .3% in the Social Security monthly payment. The increase amounts to $7.04 total.
Grandma's and Grandpa's Medicare Advantage Health Care premium is increased from $59.50/month each to $75.00/month each.
1) At the end of the month, how much are Grandma and Grandpa in the hole?
2) Using your answer from question #1, not considering any increase in property tax, food or other necessities, how long would it take Grandma and Grandpa to get to the Poorhouse?
If all else fails--look for the obvious
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- akuser47
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Re: Mid-Term Exam
Technically 75 dollars lost each month because medicare doesn't seem to cover much at all at least not for my mother.
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Re: Mid-Term Exam
They are each loosing $75 a month for a total of $150. The .3% increase in SS doesn't mean squat since the government takes the increase back in taxes.
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- buckeye43210
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Re: Mid-Term Exam
Grandma and Grandpa might want to consider moving somewhere like Guatemala where they still have rights and can live comfortably in a guarded, gated community somewhere off the Gringo tourist trail on their $2353.71 a month SS check.
For example, they could hire a full-time (24/7), live-in nurses aide for $500 a month. That nurses aide would also do the cooking, cleaning and shopping.
Guatemala has a decent retired residency program. Check it out...
For example, they could hire a full-time (24/7), live-in nurses aide for $500 a month. That nurses aide would also do the cooking, cleaning and shopping.
Guatemala has a decent retired residency program. Check it out...
- GasGuzzler
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Re: Mid-Term Exam
My health insurance is about to increase 41%.
It's already more than my mortgage.
It's already more than my mortgage.
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Re: Mid-Term Exam
Do they recognize PA's concealed carry permit ?buckeye43210 wrote:Grandma and Grandpa might want to consider moving somewhere like Guatemala where they still have rights and can live comfortably in a guarded, gated community somewhere off the Gringo tourist trail on their $2353.71 a month SS check.
For example, they could hire a full-time (24/7), live-in nurses aide for $500 a month. That nurses aide would also do the cooking, cleaning and shopping.
Guatemala has a decent retired residency program. Check it out...
If all else fails--look for the obvious
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- Poppop
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Re: Mid-Term Exam
That's just premium increase, has there been an increase in your deductible too?GasGuzzler wrote:My health insurance is about to increase 41%.
It's already more than my mortgage.
If all else fails--look for the obvious
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- GasGuzzler
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Re: Mid-Term Exam
About 2% hike in deductible, 41% in premium. My deductibles are sky high to get the premium down. Through work my premium would be double what I pay myself but deductible 1/4. We don't go to the doctor so that makes no sense especially since the deduct is still really high. I have four kids so it pretty much sucks throwing away more than 10% of my gross income to health insurance premiums.
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Re: Mid-Term Exam
Just for my overseas understanding: Is the 75$/month a realistic number in the US?
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Re: Mid-Term Exam
The underlying stupidity of this whole SS system is I was forced to paid into this fund. Now the government taxes and regulates how and how much and when I get some of it back. If I'd been allow to invest the same amount I'd be MUCH better off and this system wouldn't be costing all tax payers to subsidize it. In the mean time thank you all for partially supporting this old ornery grump.
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