Thread: Medicare
View Single Post
  #20  
Old 07-23-2018, 09:13 AM
barry12345 barry12345 is offline
Registered User
 
Join Date: Oct 2012
Posts: 5,923
Live and learn. I as a Canadian thought that any American reaching 65 years of age got automatic totally paid for medical coverage. This thread came as a small surprise.


As a general question what do older Americans do on say minimal pensions? Still rack up costs they cannot really afford in many cases with forms of co pays?


As a general but not fixed rule you require more medical intervention as you age in general. Some of it tends to be expensive. Are prescription drug costs helped as well?


Perhaps it all balances out somehow between our two countries. A one bedroom condo in Toronto is 200k down and 1.8k a month for the twenty five year remaining morgage balance. With interest rates increasing now monthly costs will become of course higher. Plus a regular maintenance cost of course.


You will also pay a fee probably for a dedicated parking spot. This to me approaches the surreal. For the first time there are some noticeable amount of people moving into our area from Canada's hot spots this year.
Since we came ourselves 45 years or so ago.


Most Canadians probably could not fund private insurance plans under the current conditions in Toronto. For all too many even funding private drug plans there might be pushing it.
Reply With Quote