Advisers all say don’t drop Part B, however I simply cannot afford it any more. I am one of those not “held harmless” in the new increase in cost. I do have excellent insurance though my government retirement, though. I will have to pay a co-pay and have a deductible, but it won’t cost me almost $200 a month like I pay now for Part B. My Blue Cross will cover me just like it did before I turned 65 and that was affordable for me for 30 years. Am I missing something?
Should I Drop Medicare Part B?
2330 POINTSview profileSteve AdlmanOwner, Alabama Medicare Plans, Birmingham, AlabamaI assume you have Federal Blue Cross. Now that you are on Medicare Part A & B, Medicare is primary not Blue Cross. Before you went on Medicare at age 65 Blue Cross was primary. Medicare only pays 80% on your Part B medical expenses. Part B covers doctor office visits and outpatient medical services. In my professional opinion you cannot afford to drop your Part B coverage. The 20% Medicare leaves off will cost you a lot more than the Part B premium when faced with serious and chronic health conditions.Answered on August 24, 2016flag this answer
429 POINTSview profileThomas SchafferFinancial Service Professional, New York Life Insurance, Raleigh,NCI totally Agree with Steve! Once you reach age 65 there is no product that will cover what Part B does, except group health insurance if you are still working. If there was such a product you would not be able to obtain it for the cost of the Part B premium, it would be much more! Quite honestly rather then drop Part B, you might want to look at a medicare supplement or Medicare advantage plan!Answered on October 16, 2016flag this answer
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