Thursday, September 29, 2011

Seniors Need to Pay Their Fare Share

A few weeks ago President Obama proposed a new tax on seniors that use THEIR OWN MONEY to purchase what he considers a rich Medigap plans. If you have a "first dollar" Medicare supplement plan, such as Medigap plan F, Obama believes you should pay more than anyone else for Medicare Part B.

On September 19, 2011, as part of his deficit reduction proposal, President Obama recommended charging a 30 percent surcharge on Part B premiums to new beneficiaries that purchase Medigap policies with “near firstdollar” coverage, beginning in 2017

I don't know about you but that doesn't sit well with me.Medicare cuts

The Medicare Trust Fund Lie

Where does he think he has the right to tell me how to spend MY money? After all, they took money from us for years to pay for Medicare. Money that was supposed to be safely stored in a trust fund.

Only recently did Washington finally admit there is no trust fund, it was all a lie. They spent almost every dime we "invested" and now they want more.

I don't think so.

More Rocket Surgeon Ideas from Washington

Some of the other big ideas from DC include:

bar Medigap policies from paying the first $550 in cost-sharing liability and limit coverage to 50 percent of the next $4,950 before the plan could cover 100 percent of beneficiaries’ out-of-pocket costs.

CBO estimates this policy would achieve $53.4 billion in savings over 10 years, if implemented in 2013.

An alternate approach, described by CBO in its 2008 report Budget Options, Volume 1: Health Care, and would impose a 5 percent excise tax on all Medigap insurers

Let's think about this a moment.

If WE pay more out of pocket that will save the GOVERNMENT money.

Apparently they believe we won't go to the doctor when we are sick if we have to pay for it.

That's like saying I need new brakes on my car but I won't get them fixed because my car insurance won't pay for them.

Their second proposal is just as goofy. If the government places a 5% surcharge on Medigap carriers guess who pays that tax?

The people who buy the policies.

We believe that Medigap plan F is a good plan but there are better VALUES to be found in plan G and plan N.

We also believe Washington has no right to tell us what we can and cannot buy and how we should spend OUR money when it comes to health care and health insurance.

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