- Joined
- Apr 14, 2006
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- 23,231
More what? They're both in the red!
To quote one of my favorite movies "I do not think that word means what you think it does."
More what? They're both in the red!
You pay into it but is it worth the hassle signing up for it? Year after year. Which drug plan? Network limits, doctor choice limits, etc. Planning around it all. To me, I think it would be easier to use interest on savings to pay a huge deductible thus lowering the premium of a giant-deductible private insurance plan.So you’re planning to forego Soc Sec and Medicare after paying into them for your entire career?
BTW, do you have home and auto insurance?
I know a couple of people who have rejected Medicare. Haven't heard of anyone rejecting Social Security.
Example 1 - has made & continues to make so much $ he hasn't felt the need for health insurance for many years prior to Medicare eligibility & hasn't signed up for it upon reaching eligibility. Currently fighting cancer & spending an unimaginable amount.
Example 2 - wife is a retired Texas teacher & he prefers to be on her plan - refuses to even consider Medicare.
Network price is cash price. The astronomical charges exist to pay for the EMTALA non-payers and the other govt plans that don't pay the full price. You can buy into a pre-packaged network if negotiated prices are all you want.Forget how much cash you have saved. In today's medical system you need an insurance plan just to knock the astronomical charges down to a negotiated rate else you'll be paying $100 per aspirin tablet dispensed from the hospital pharmacy.
The number of people who can afford to self-pay cash without any insurance is so small that statistically its unlikely any of them are on this board to read your opinion.
people who've saved all their lives and rack up millions
And it's worth much less now than it was just a few short months ago and it's going to get much worse. I may even live long enough to see the poverty level rise to the million USD level, and I ain't that young!.And "millions" ain't what it used to be.
You pay into it but is it worth the hassle signing up for it? Year after year. Which drug plan? Network limits, doctor choice limits, etc. Planning around it all. To me, I think it would be easier to use interest on savings to pay a huge deductible thus lowering the premium of a giant-deductible private insurance plan.
Is that what you're doing?... Seriously - why not just ditch that crap and use your savings? It's soooo much easier.
And "millions" ain't what it used to be.
lol I love this. I think this is my feeling in Canada. I am happy to pay what seem like very reasonable taxes to never have to worry about my family or I ever having to worry about access to quality healthcare regardless of what happens with our jobs or income or savings or health. As a bonus, I don't have to even spend that hour!"I'd rather just write a huge check than spend maybe one hour per year picking a plan that works pretty darn well" - said no one.
So John H from Kansas City, what hoops and bureaucracy are you referring to? I claimed SS at 70 and Medicare A&B at 65. I don't recall having to do anything other than hitting the submit button on line and my benefits began to flow. What could be easier than that?It always surprises me that people who've saved all their lives and rack up millions to live on should give a damn about Social Security and Medicare and all the hoops, bureaucracy and general BS that you have to jump through to use/claim them? "Will it be covered?" Cash covers everything. "Is it in my network?" Cash is in everyone's network.
You know that this stuff is bankrupting the country. Seriously - why not just ditch that crap and use your savings? It's soooo much easier.
More what? They're both in the red!
It always surprises me that people who've saved all their lives and rack up millions to live on should give a damn about Social Security and Medicare and all the hoops, bureaucracy and general BS that you have to jump through to use/claim them? "Will it be covered?" Cash covers everything. "Is it in my network?" Cash is in everyone's network.
You know that this stuff is bankrupting the country. Seriously - why not just ditch that crap and use your savings? It's soooo much easier.
Millions don’t stay millions if you piddle it away on laziness.
He/she won’t answer. Troll.Seriously - why not just ditch that crap and use your savings? It's soooo much easier.Is that what you're doing?
He/she won’t answer. Troll.
It always surprises me that people who've saved all their lives and rack up millions to live on should give a damn about Social Security and Medicare
It always surprises me that people who've saved all their lives and rack up millions to live on should give a damn about Social Security and Medicare and all the hoops, bureaucracy and general BS that you have to jump through to use/claim them? "Will it be covered?" Cash covers everything. "Is it in my network?" Cash is in everyone's network.
You know that this stuff is bankrupting the country. Seriously - why not just ditch that crap and use your savings? It's soooo much easier.
That same person, who has budgeted and saved all these years, has also been paying 7.5% of his/her income into SS/medicare [15% if self-employed].
That SS policy is just as much of their savings, as a 401k would be.
Every year of struggling to get to retirement is reflected by how much they expect to be paid from SS.
I have been retired on pension for 19 years, I am not old enough yet to be eligible for SS. But I plan to take those payments when I am old enough.
But again you're talking about relative pikers gorging on opulent beer and pretzels. The OP is talking about people who actually "have it."