Be Careful—

what you wish for you might just get it! Lots and lots of posting around the web on the insurance companies and their ridiculous profits. Plenty of coverage of the Dems trying to push through the back door their “health care reform bill.” On and on and on it goes.

One of the recurring themes is the public option- many consider it to be THE thing that will bring all the disaffected stoopid voters back on board. Give everybody access to medicare and the whole health care mess will be solved. I say- BULLSHIT!

I have watched for years as my Mom pays higher and ever higher premiums for “supplemental” insurance to cover all those things that Medicare does NOT cover.  But Medicare is so great right?? Then why does she need supplemental insurance??

As noted at Uppity Woman’s

Profits for the 10 largest U.S. insurance companies jumped 250% between 2000 and 2009 while millions of Americans have lost coverage, according to a report released Thursday by the U.S. Department of Health and Human Services. The report found that the five biggest insurance companies — WellPoint (WLP), Cigna (CI), UnitedHealth Group (UNH), Aetna (AET) and Humana (HUM) — saw their profits increase 56% in 2009, a year in which 2.7 million people lost their private coverage.

(Head over to Uppity’s for lively debate and commentary on this subject!)

I found this regarding the premiums for Medicare supplemental policies –

Premiums jump 14 percent

on Medicare private plans

WASHINGTON – Millions of seniors who signed up for popular private health plans through Medicare are facing sharp premium increases this year — another sign that spiraling costs are a problem even for those with solid insurance.

That particular article says the average premium is $39.61. Where? certainly not in MA where my Mom lives (with my older sister- because there is no way for her to afford her own place AND pay for supplemental insurance.)

If you want to go through a zillion pages and find out what Medicare does and does not cover- go here Here is a little highlight for you

The information contained in this database is also available in the CMS publication titled Your Medicare Benefits.

It is important for you to understand that Medicare does not cover everything, and it does not pay the total cost for most services or supplies that are covered. You should talk to your doctor to be sure you are getting the service or supply that best meets your health care needs.

The amount of your coverage is also dependent on whether you have coverage under Medicare Part A, Medicare Part B, or both. Medicare Part A typically pays for your inpatient hospital expenses and Medicare Part B typically covers your outpatient health care expenses including doctor fees.

A benefit is a health care service or supply that is paid for in part or in full by Medicare.

So my Mom pays the Medicare premium and then pays for supplemental insurance on top of that to cover what Medicare does not cover. And her slightly more than $1000 a month in SS benefits puts her over the income limits for Medicaid type health care coverage.

Good thing my Mom has children willing and able to take her in.

Go ahead and read what Medicare does and does not cover, investigate and find out what a supplemental insurance policy will cost you and then-

Be careful what you wish for.

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7 Responses

  1. The only thing that is keeping my mom’s head above water is that she is living in a government subsidized senior apartment building which adjusts her rent according to how much money she is putting out for medical costs and pharmaceuticals. She still has to keep her supplemental BC/BS insurance and we’ve noticed that Medicare is questioning every test she has to take and oftentimes, it’s Blue Cross that ends up picking up the costs.

    Most seniors aren’t as fortunate as my mom in this matter and I worry about what is going to happen to those seniors who don’t have family to help them.

    • Amen to that sister! What is going to happen to our seniors? For that matter what is going to happen to all the suckers who buy into this lovely government option???
      Oh yeah- that rationed care thing- if you are rich and can afford private insurance- you will get what you need. Regular old citizen? Not so much.

  2. Oh…I have a new post up at Bad Habit. I two-fer today!

    Now I have to go get ready to get on the road. Thanks for the birthday video!!! I’ll send it to my daughter today, she’ll love it!

  3. You will never see an insurance company building smaller than a city block. They don’t lose. Actually, they will NEVER lose.

    • Building with the premium payers money we might add- and giving back only what they are forced to give!

  4. I think we will be seeing more parents taken in. That is so hard on the parent who has always been self sufficient.

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