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Pittsburg, Kansas | Same guy you linked to. He is good. This is a senario where a person gets really sick soon after going on Medicare and the cost results.
https://www.youtube.com/watch?v=77YF-TL0n-8
I really appreciate this explanation of a real world example.
Edit: Had she remained healthy for five or ten years, THEN had the expenses she did, the net cost outcome would have been different. Going into retirement sick or getting sick quickly soon in retirement, the supplementary insurance plans are a no brainer. Basically the insurance companies can't turn a known poor risk down. Those premiums reflect a certain percentage of people will be sickly and more not so sick. The Advantage plans only look attractive if you don't already have one foot in the grave and the other on a banana peel. In my non medical opinion.
Insure what you can't afford to lose or pay. It is all kind of a crap shoot.
Edit again: There would be NO reason to not go to an zero cost Advantage plan compared to not being able to afford the supplemental insurance. Look at the cost of the above video example of Medicare alone with neither the supplemental insurance nor an Advantage plan. Certainly better to take a no cost Advantage plan over nothing. I consider our Advantage PPO plan like a high deductible insurance. Lower premium but with us having to pick up some of the first cost risk. I can live with that. I can afford that.
Edited by John Burns 10/29/2024 17:44
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Medicare enrollment for 2025
