[Avista]

Originally Posted by aljetmet

I'm not sure what you mean you are taking a risk by opting out of traditional medicare. Do you mean that you may not have choice of Dr or health facility when opting out? Do you mean not to get any supplemental plan at all? Every plan tries to reduce your financial burden albeit you just cannot go anywhere you want. You get sick without a medigap or advantage plan you are in deep trouble. That's what I call rolling the dice.

I personally have 25% of our retirement budget dedicated to health. If we don't spend it all the extra funds will go in a special account to build when the rainy day comes.

That is exactly what we are doing. If we don't have a serious illness, we will be over $6000 ahead each year. This will go into a special account for, like you said for that rainy day. Actually, Preferred Care Partners, has a $5000 out of pocket limit in case of a worse scenario.