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The Water Cooler
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Medicare with Open Eyes
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<blockquote data-quote="GeneW" data-source="post: 3690463" data-attributes="member: 27284"><p>Well that's interesting.</p><p></p><p>In about 6 months I'll be signing up for Medicare and I've been trying to study this as best as I can.</p><p></p><p>It's about as clear as mud, and the devil is in the details.</p><p></p><p>I've talked to quite a few family members who are on Medicare and they love it. Each has purchased a supplemental plan that covers everything. For example, my sis had a major surgery, her husband just got cataracts done, and they paid exactly Zero. Nothing. </p><p></p><p>I suppose if you *think* you're very healthy, and you have a lot of money, these supplements may mean nothing for you.</p><p></p><p>However, if you have only A & B, and have a drastic to cathastropic health event, you could owe many many thousands of dollars.</p><p></p><p>In the end, it's insurance just like everything else. You pay to get your butt covered. It's all a calculated risk.</p><p></p><p>If you have a really good regular pension bringing in a lot of money, and have a LOT in retirement asset dollars, you can probably cover yourself with out any supplements.</p></blockquote><p></p>
[QUOTE="GeneW, post: 3690463, member: 27284"] Well that's interesting. In about 6 months I'll be signing up for Medicare and I've been trying to study this as best as I can. It's about as clear as mud, and the devil is in the details. I've talked to quite a few family members who are on Medicare and they love it. Each has purchased a supplemental plan that covers everything. For example, my sis had a major surgery, her husband just got cataracts done, and they paid exactly Zero. Nothing. I suppose if you *think* you're very healthy, and you have a lot of money, these supplements may mean nothing for you. However, if you have only A & B, and have a drastic to cathastropic health event, you could owe many many thousands of dollars. In the end, it's insurance just like everything else. You pay to get your butt covered. It's all a calculated risk. If you have a really good regular pension bringing in a lot of money, and have a LOT in retirement asset dollars, you can probably cover yourself with out any supplements. [/QUOTE]
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