r/FluentInFinance • u/The-Lucky-Investor • 11d ago

“Medicare for All” would save the U.S $5.1 Trillion over 10 years Discussion/ Debate

https://www.commondreams.org/news/2018/11/30/easy-pay-something-costs-less-new-study-shows-medicare-all-would-save-us-51-trillion
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u/skiddlyd 11d ago

My husband is on Medicare and pays for part B. I get my insurance through work, although they cover it entirely. Mine costs about $1000/mo and I basically have the gold version of his platinum. So, I’d say paying $170/mo for better than I get for $1000/months is something people on Medicare should like. A lot!

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u/OC2k16 11d ago

There is no annual cap on part B. Original Medicare, A+B+C is bad IMO. He is on the hook for 20% of cancer treatments for example.

Everyone pays for Part B premium. Even if you have supplement or advantage. So he needs one of those.

Supplement is on top of part B premium. Advantage plans offer 0$ premium, apply max out of pocket.

There is a lot more to know but get off original Medicare asap.

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u/skiddlyd 11d ago

He is on Medicare because of cancer. Stage 4 colorectal cancer survivor. He currently has Medicare Advantage. I should mention Medicare advantage cost $19 extra the first year, but they dropped that. It only requires plan B.

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u/OC2k16 10d ago

Sorry to hear about the cancer diagnosis, good to be on advantage.

Be sure the cost for a supplement, Plan N or G, is not less than the max out of pocket costs your husband would spend in a year. Supplement is great and I would recommend if someone knew their costs are going over about $2,640 for the year under advantage (the actual plan coverage not premiums).