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URL:  http://boards.fool.com/an-unpleasant-fact-24463168.aspx

Subject:  An unpleasant fact Date:  8/13/2006  9:50 PM
Author:  oncqueen Number:  53121 of 78168

One unpleasant fact is that as folks approach retirement, health problems start to accumulate, even in those who are non-smoking, clean-living, seatbelt-wearing, previously healthy people. It's imperative that as people approach retirement they ensure that they have medical insurance, rather than letting it lapse or relying entirely on Medicare.
Over the past month, I have seen one man who has no coverage whatsoever for his cancer; he had previously inherited what seemed like a nice amount but it was gone. He said, "I've always been healthy and never thought I would live this long." Another paid his insurance for years, but never used it and let it lapse, but now 2 years later he has cancer. Many others do have Medicare BUT they have a formulary of drugs that are and are not approved for this or that malignancy. The newest stuff takes months to get onto the formulary, and even then a patient's share might be prohibitive (20% of a drug that is $8000 per month). Many docs see patients with no insurance but many do not. Some will not even see Medicare patients because the payment sch