85,000 is the cut off for higher part B deductions.

Part B is what we are talking about here. Part A is free for most
retirees.

Part A for others is 411 dollars a month...as this link explains:
Part A costs | Medicare.gov

So conceivably for some, to get Part A and B could be 500 dollars a month depending on your particular circumstances.

I became eligible for Part A (no fee) when I turned 62... and I enrolled at that time. I became eligible for Part B when I turned 66 and enrolled in that for $104 a month.

I am talking about PART D. I know what my premiums for part A and B are for me. 120 bucks. From the little bit of studying I have done, my list of six meds will get knocked down to about 2 meds. And, I have no idea what the Part D deductibles and premiums will be. Time for me to be both studying the subject but also looking for a cozy bridge to live under and a dumpster near by for snacks.

What the gov't gave with the left hand by way of SSDI benefits, it now swiftly takes away in one move . . .

Not sure what is around you.....In a month people will have to make choices, go to your local big box pharmacy....Tell them the meds you take and they can make a suggestion as what plan (part D)for meds covers you best...I know for sure Walgreen's does this for free as a service..

Thanks for the suggestion. I will seat-down sometime soon with Walgreen's.

Mine is $104.00 t00

@canifindagooddr

Check w/your local social service dept. Most states if not all have "discount" RX programs for the disabled & seniors.
Most of the big box pharmacies have the same - CVS, Walgreens, etc.

Check w/your rx manufacturers. Most if not all have FREE and or discounted programs. Check the stickies at the top of this site for the list and for other rx resources.


HTH

No, after you qualify for Medicare you will no longer be eligible for an exchange plan. It's a shock to many.

Part A will be free.
Part B will be $124.

Your next decision needs to be if you want an Advantage Plan or a Supplement. Advantage Plans often cover your drugs, so you won't need to purchase Part D coverage. Some plans are free, some will cost a few hundred dollars. They are often HMO plans, with choices like Kaiser. Each state has different options. You can meet with a SHIP counselor in your state and they will advise you for free. Some people are very happy with their Advantage plans and some people are not...

A Supplement will give you much more flexibility and will cover your 20% deductibles. You'll still need to choose a Part D Drug Plan. By entering the drugs you use on the Medicare site, it'll give you prices for Advantage Plans and Part D plans and drug costs. You should call and confirm this info with any company you're considering, because they sometimes really won't pay for drugs when the Medicare website says they will.

If you don't choose a Supplement while you're eligible you're unlikely to find a plan that will accept you until you reach retirement age. There is more flexibility in switching to an Advantage plan later. You must check your Part D plans and drug copays every year if you have multiple Rx's because prices change significantly. If you choose an Advantage Plan, you should run those numbers as well.

My costs:

Part B: $104
Part D: $25
Supplement: $320
Drug co-pays: $120

I don't qualify for extra help and have an excellent Supplement. Supplement Plans use the alphabet from A-N. G and H are often exceptional and will have no deductible, and therefore will generally be the most expensive--sometimes lesser coverage costs more, so be careful. A SHIP counselor will probably be able to give you quotes and the best rated companies. My plan is through Mutual of Omaha. AARP uses United Healthcare, but in some states there are age restrictions.

So, IMO, the info you received was likely based on you paying for Part B, Part D, a Supplement, and drug copays. And yes, it will be substantially more expensive than what you have been. If it's any consolation, those prices were likely artificially low and won't continue...