Quote:
Originally Posted by Mrprez
Supplement plans are run by insurance companies, not the government. Jeez!
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I am not articulating myself as well as I should, but my point is that one cannot compare the cost of traditional Medicare, which people paid into their entire lives to get this at age 65 at this price plus Medicare Supplement which will cost about $3000 a year to the ACA plans. Especially if the ACA plan is not subsidized. Of course $3,000 will seem like a bargain compared to the ACA plan, but that was not what I was comparing it to. I was comparing Medicare Supplemental vs. Medicare Advantage. The $3,000 more in premium costs for Supplemental vs. Advantage is not chump change to many seniors.
That's why more far more people are on Traditional Medicare and Medicare Advantage Plans than are on Supplemental Plans. About 20% of Medicare enrollees have Medicare Supplemental Plans. A little more than 50% of Medicare enrollees have Medicare Advantage Plans. The rest are traditional Medicare members, but some people have Medicaid in addition, some have some previous employer coverage in addition, and some just go with traditional Medicare alone.