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I've been looking closely at this for the past few months. I'm 61, but I'm SS disability, which means that I'll be put on Medicare this time next year. I'm allowed to opt out of Medicare Part B, but not Part A. If you don't have Medicare Part B, then you'll have to purchase private health insurance to have full coverage. My Blue Cross premiums just went up to $10K per year, with a $2.5K deductible and a $2K co-insurance. If I take Medicare Part B, then I'll need a medigap policy, which cost about %590/month if you're under 65, as opposed to about $150/month if you're over 65. Bottom line: I I assume I'll use up my deductible and co-insurance, my yearly costs for healthcare will drop by about $5K if I go on Medicare with a medigap policy. My only real concern is whether Medicare might reduce it's benefits and coverage in order to save money (I'm a heart transplant candidate). Of course, private health insruance usually follows Medicare when it comes to coverage issues, so I'm not sure it will make a difference. Let's face it, though, healthcare in America is about to take a nosedive.
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