AARP is the biggest scam there is. It is a corporate owned entity that pretends that it cares for seniors as it sells them over priced insurance, investment products, and other rip off goods. I don't believe thing they say. AARP is for the Sheeple.
The AARP article went on to say that the average person on medicare will have out of pocket costs of over $4,000 per year. My dear friends my Social Security check is $1,279 per month.
That's no surprise either... it's always been around that cost for both Medicare and a supplemental policy to cover the 20% that Medicare doesn't pay. It's the supplemental that's the costly part, around $300. a month for a good policy.
On the other hand, don't get the supplemental, save money and then spend a few days in the hospital... guess what that 20% will cost you out of pocket for all the hospital charges!! A LOT more then the supplemental insurance.
$4000 a year for complete medical coverage for someone over 65 years old is a hell of a lot better than people half that age are paying now!
Medicare Will Not Provide You With Financial Security In Old Age
The headline is true, but without Medicare the situation would be much worse and untenable for most oldies. The difference in cost for a 64 year old's private health insurance policy and medicare's cost plus the supplemental at 65 is huge. At 60 I pay $960 a month for a decent but certainly not a Cadillac policy, this is for me alone. Imagine the cost of a private policy at age 80