daugen
Epic Contributor
that donut hole is bad news. I think they've reduced the size of it, but for years we would get to a point where the next four thousand dollars was right out of our pocket.
I'm not complaining, my wife's seven years of illness cost well over a million dollars in medical bills. And Medicare paid almost every penny of it, except for the copays and donut hole. Between the cost of health insurance and out of pockets, we were running over thirty thousand per year.
I don't know how many people could afford that. And if I couldn't, the idea of my wife not getting her chemo or whatever would be more than I could bear.
I spent most of my working career in different parts of the insurance business, and (see Bird's post above) thirty years ago remember selling many 80/20 Prudential small business plans with a one hundred or five hundred max out of pocket limit. Can you imagine what that would cost now? One hundred deductible. One hundred copays. Two hundred max out of pocket for any one person per year. Boy have times changed.
I'm not complaining, my wife's seven years of illness cost well over a million dollars in medical bills. And Medicare paid almost every penny of it, except for the copays and donut hole. Between the cost of health insurance and out of pockets, we were running over thirty thousand per year.
I don't know how many people could afford that. And if I couldn't, the idea of my wife not getting her chemo or whatever would be more than I could bear.
I spent most of my working career in different parts of the insurance business, and (see Bird's post above) thirty years ago remember selling many 80/20 Prudential small business plans with a one hundred or five hundred max out of pocket limit. Can you imagine what that would cost now? One hundred deductible. One hundred copays. Two hundred max out of pocket for any one person per year. Boy have times changed.