Monday, May 10, 2021

Medicare "REAL" facts, costs and what to expect

You are in for some grand surprises regarding Medicare!

Do not "think" once you turn 65 after paying into Medicare your whole life that things will be covered with no additional costs. This is a large disillusionment!  Below is the summary I shared on Facebook.

I will be turning 65 in August. Mandatory is Medicare with a discontinuation of my Market Place insurance. No worries, right? After all, my whole life for every paycheck I have received, I paid into Medicare. WRONG! Medicare plan A can be up to $471.00 per month, and to include Plan B, you are hit with $148.50 per month with no opting out.  Boom, deducted from Social Security payments. Again, not too bad, right? Everything is covered! Nope, wrong again.


Lucky for me, I don't have to pay the Plan A premium, but am still stuck with the mandatory Plan B premium.

Plans A & B are very slim in nature as to what they may cover. Summary: When you qualify for Medicare, it's usually Medicare Part A and Part B that you're first enrolled in. ... Medicare Part A generally helps pay your costs as a hospital inpatient. Medicare Part B may help pay for doctor visits, preventive services, lab tests, medical equipment and supplies, and more. The big thing on Plan B is the "may." In order for that "may" to kick in one has to pay higher insurance premiums to an outside health insurance provider.  So now you have to find another health care insurance company to get enrolled in Plans C & D, of course for an additional fee and/or having to pay co-pays for all doctor appointments, labs and medications.  That is what I am trying to set up now.  Overall, my healthcare costs will increase from about 300% to 400% monthly starting this August.

Amazing, but that is the government's way at this time.  People crying out for Medicare For All have no idea what they are wanting.  People wanted Obamacare until they were faced with the slap in the face of higher healthcare premiums and such.

Some info: How Much Does Medicare Cost

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