No. of Recommendations: 1
RetiredVermonter writes,

What REALLY can keep you awake at night, as you age, is the BIG "What if...?" "What if my spouse or I contract a serious, life-threatening illness or condition that costs gihumungous sums of money, far beyond what we have?"

With some medicines and procedures costing hundreds of thousands of dollars, how many of us can deal with such things -- unless you are truly wealthy (a millionaire) or a D.C. politician (with platinum medical coverage)?

</snip>


I don't know how things are in Vermont, but in WA State you can get a Medicare supplement plan for less than $200/month that caps your out-of-pocket cost at $2,300/yr even if you get a $1 million hospital bill. That seems to be doable for most people.

Same thing with drugs. Monthly cost of $15 to $75 for a Part D drug plan that provides catastrophic coverage where you only pay 5% of the cost of even the most expensive drugs.

Of course long-term care is a problem if you end up in a nursing home, but with a little knowledge most people can get their medical & drug costs covered without the risk of bankruptcy.

intercst
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