General Discussion

hfojvt

(37,573 posts)

4. I don't think that is playing with fire

Wed Dec 18, 2013, 04:55 PM

Dec 2013

some of the Medicare part D and Part C I think are insurance company rip offs. Depending on the costs. They have people paying for this medigap insurance, what, $300 or $400 a month. Well, how many months are you gonna pay before you actually need it? Three years? Four years? After 4 years of paying $300 a month, you have paid $14,400. Are you gonna get that much in benefits?

I think it is very likely that people would be better off just saving that premium money and then having a nest egg to use in case of disaster. But they get scared into buying inusrance. Medicare part A already covers a lot in case of a disaster.

I also, so far in my life, have had very little use for prescription drugs.

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I'm playing with fire. Dropped Medicare Part D. [View all] Paper Roses Dec 2013 OP

You've got it wrong. You don't hit any donut hole unless the part D insurance has paid out a certain shraby Dec 2013 #1

Look at this link. It gives good explanations of what you acutally have to pay. OregonBlue Dec 2013 #2

Check back with Medicare to be sure all the info is correct. The late enrollment penalty - pinto Dec 2013 #3

I don't think that is playing with fire hfojvt Dec 2013 #4

If we hadn't had medigap insurance, we would have faced a huge problem with my husband's CTyankee Dec 2013 #5

Part C is 'medigap' supplemental coverage. Part D is prescription coverage. pinto Dec 2013 #7

Because to a lot of people out there, any program assisting those with less is "charity" - haele Dec 2013 #6