Summer Help

[Macavity]

Originally Posted by kawishiwi

What many miss about Medicare & Social Security when they claim "I paid for it" is that most will receive greater benefits than their contributions & interest would cover. AND its a lifetime guarantee. Much more like a combination of annuity & insurance.

Surely you are not thinking medicare is free to everyone. If you have little income, it is, but our premiums are higher than we ever imagined, and drug costs are enormous. Many things are not covered. Not seeing a guarantee so far, but one can always hope.

mac

[kawishiwi]

Originally Posted by Macavity

Surely you are not thinking medicare is free to everyone. If you have little income, it is, but our premiums are higher than we ever imagined, and drug costs are enormous. Many things are not covered. Not seeing a guarantee so far, but one can always hope.

mac

Um, never said it was free. Dont know where you got that.
What do you imagine your premiums would be if Medicare didnt exist? Medical costs are lower in Medicare, at the same age for same coverage, than outside of Medicare. Thats why the program exists. The average Medicare recipient will recieve reduced costs exceeding the amount of money they paid in, plus interest.
https://www.google.com/amp/s/www.for...r-seniors/amp/