Medicare Premium Increase

I just signed on to the Social Security Administration website and saw that I received a notification regarding new Medicare rates. There is a base rate for Medicare part B, plus an adder based on your AGI from prior year tax returns. Anyway, starting this year, my Medicare premium increased from $508/month to $578/month. That is almost $7,000 annually.

I am still working so I have good coverage from work. Right now, the work coverage is secondary, and it pays for all my medication since I do not get Medicare part D. My work insurance did say that they would pay for all my sister’s post-transplant medical costs. I really do not know why I still need to carry Medicare, other than the rumor that it becomes harder to get Medicare again if you voluntarily give it up. In addition, if I decide to “retire” and not get another job, I can have Medicare cover 80% of my bills for the next two years, but I will not have prescription coverage. So confusing. Is there is medical insurance that only covers the 20% Medicare co-pay?

I think I should “move” to Ontario for six months so I can get medical insurance there then retire.