Comments on: Can the new health care law help you retire early? https://intentionalretirement.com/2012/07/can-the-new-health-care-law-help-you-retire-early/ Life is short. Be intentional. Tue, 17 Jul 2018 19:51:10 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Thomas Rockford https://intentionalretirement.com/2012/07/can-the-new-health-care-law-help-you-retire-early/#comment-131 Thu, 20 Feb 2014 20:17:54 +0000 http://intentionalretirement.com/?p=1193#comment-131 By the time you pay the premiums and co-pays for Part D drug coverage under medicare, plus the reduction in your social security retirement check for having purchased a Part D policy, Part D covers only about 60% of the costs of Rx’s. Then the big hit comes after you and the pharmacy have, combined, paid about $2,900 in Rx’s, you pay about 85% of all additional Rx’s until you’ve spent out of pocket $4,700. All of which is taxed.

All of these costs are on top of the premiums we all paid into medicare for the past 45 years while working. Then, just to add insult to injury (pun intended) the IRS taxes you on all of the premiums and co-pays unless you are able to itemize and meet the high hurdle to be able to itemize. It’s a total rip off for the elderly. LIES and more LIES from the government and the perfidious Obama cabal.

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