No. of Recommendations: 2
My conservative-approved, private health insurance premiums are more than I pay in Federal income taxes. If you doubled my taxes and gave me a Gov't provided health plan, I'd come out ahead.

Personally, I'd rather pay my premium to a Gov't-sponsored program than let Aetna and Cigna siphon 20% to 30% off the top in overhead & profit to fund million dollar executive salaries, private jets and hunting lodges for the CEO, and hundreds of millions of dollars in back-dated stock options.

But that's just me.


Before my wife went on Medicare (she's 4 years older than I am) we were paying nearly $800/month in health insurance premiums (Aetna, through my former employer). Thank God I was eligible for "Bridge To Medicare" coverage, which allowed me to continue coverage at group rates although we had to pay the entire cost. Private insurance coverage would have been prohibitive.

Strictly speaking, my wife would have had to "buy" into Medicare when she turned 65. Fortunately, about 6 weeks before she officially started on Medicare, she discovered that there was a possibility that she might be eligible to have her Part A (the most expensive) paid for by the California State Teachers Retirement System. Turns out she qualified. That's saving us about $200/month as we still have to pay Part B, drug coverage and some supplemental coverage through AARP. Even with the savings, health care costs will still exceed our liability for Federal income taxes.

While not being in the same position you are, if my taxes doubled to provide coverage and eliminated all our private health care costs, I'd at least break even.

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