This week your Mom celebrates her birthday. It is sometimes on the longest day of the year (technically, June 21 is the longest day). Her friends are taking her to lunch. Here is wishing her a very Happy Birthday.
Father’s Day came and went. Thank you to Grasshopper No.1 and Tom who fed me. I also got lots of phone calls. I got to watch the end of the U.S. Golf Championship. It was a very good day!
I have been reading about Obamacare which gets implemented in a major way in less than 7 months (Jan.1, 2014). Lots or rules and procedures have not been written.
Next month, July, 2013, details will be released on the Medical Insurance Exchanges mandated by Obamacare. The exchanges are an optional to other forms of medical insurance. I do know you need to have personal medical insurance or you will pay a $95 penalty in 2014 which escalates to over $600 per year several years later. The exchanges are run by the Federal Government, State government or a combination of the two. Lots of small companies are considering dropping medical insurance because of all the requirements of the new law. Nobody is talking about costs of medical insurance and what insurance will cost through the new exchanges. The subject is so complex that confusion is sure to rein.
I always figured the medicare retirement option through Social Security was a good option. Most retirees are on Medicare purchase “supplement” insurance that pays for expense that Medicare doesn’t pay for. The whole retiree plan requires that doctors and hospitals accept Medicare insurance. The government in it’s wisdom is reducing what it pays through Medicare for medical care. In some cases, doctors and hospitals are refusing Medicare patients. Now follow this. I really am forced into the Medicare program assisted with supplement insurance. The Obamacare program is causing less and less doctors to “not accept” Medicare insurance. So I ask you, what good is my Medicare insurance program going to do me? What are my options going to be? I’m going to have to move in with my kids!
Are we having fun yet? Enjoy the week.
Love,
Dad