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jennifer rose

Nov 6, 2003, 8:50 AM

Post #1 of 4 (378 views)

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Opting out of Medicare Part B

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Current Medicare beneficiaries pay almost $60 USD/month for Medicare Part B (the insurance for outpatient costs such as physician visits). For those Medicare beneficiaries residing permanently in Mexico, opting out of Part B would strike me as wise financial move, especially since there is a way to reinstate Part B coverage. I've known a few Medicare beneficiaries living here who've opted out, but I'm curious what others have done.

And the cost Part B will increase to $66 next year.

(This post was edited by jennifer rose on Nov 6, 2003, 4:20 PM)

Don

Nov 6, 2003, 12:20 PM

Post #2 of 4 (344 views)

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Re: [jennifer rose] Opting out of Medicare Part B

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I maintain both Medicare A & B coverage and reside full time in Mexico. Due to past medical problems that could resurface, I find it a necessity to maintain full coverage in the U.S. Although I have IMSS here, but go to private doctors, it may be necessary for me to seek services available in the U.S. that are not that readily available here.

Carol Schmidt

Nov 9, 2003, 8:42 AM

Post #3 of 4 (280 views)

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Re: [jennifer rose] Opting out of Medicare Part B

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We're keeping ours because we did have to go back to the States for a major emergency that took three months and many doctor visits before the surgery could be scheduled.

Carol Schmidt

johnv

Nov 12, 2003, 8:07 AM

Post #4 of 4 (235 views)

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Re: [jennifer rose] Opting out of Medicare Part B

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Jennifer, What is this way of reinstating PartB? I thought that if you opted out that the cost went up 10 % per year for every year you were not enrolled and in order to re-enroll you only had the chance to do so once per year within a certain 3 month time-frame and then had to wait a certain period of time thereafter for the PartB coverage to re-begin.