Quote:
Originally Posted by retiredguy123
If you are paying $16,800 per year in insurance premiums, I would recommend that you do the math and compare what would happen if you cancel Medicare Part B. Part A is free. I have the FEHB Blue Cross standard plan as my only insurance. The annual catastrophic limit is only $6,000. So, the maximum out of pocket expense for me would be $6,000 (which I can afford if necessary) and everything after that, including drugs, is fully covered. The Medicare Part B benefits are mostly redundant with Blue Cross and almost every provider accepts the Blue Cross. For me, it is a no brainer to not carry Medicare Part B.
|
But now do you have to pay a yearly deductible plus co-pays? It still might save you money but is that how it works if you use Federal BC/BS as your primary ins?