I am about to turn 63, so I have some time to figure all of this out. Mostly, just to see how becoming eligible for Medicare will effect my budget in 2 years, I'm trying to wade through the Medicare alphabet soup.
According to this site: https://www.medicare.gov/find-a-plan/results/medigapresults/medigap-view-all-policies.aspx
Looking at the "F" plan, the monthly premiums are $51 -$167, but the Estimated Annual Cost is $7,140. How do they get from $167/ month to $7140/ year? Is that Estimated Annual Cost assuming your history for the year requires you pay the maximum deductibles?
According to this site: https://www.medicare.gov/find-a-plan/results/medigapresults/medigap-view-all-policies.aspx
Looking at the "F" plan, the monthly premiums are $51 -$167, but the Estimated Annual Cost is $7,140. How do they get from $167/ month to $7140/ year? Is that Estimated Annual Cost assuming your history for the year requires you pay the maximum deductibles?