Tuesday, March 14, 2017

Health Care at What Cost

There is nothing like a good discussion to focus your mind to digest relevant financial facts normally over looked by you. Like, just how much do I pay for health coverage today ?

I've been on social security ever since I retired 8-10 years ago and, since I'm now 82, it means I payed into SS. for about 55 years starting around 15 years old when l began getting a check for my work. In 2016, 1 received a gross amount of $15,790.80 from SS of which $1,258.80 was deducted to pay for Medicare part B. I imagine 2017 will not be too much different. 

Now add to this, $ 4800.00 which I pay for Supplemental Insurance and add on the amounts I pay to pharmacies each time I get my prescriptions filled. The yearly total is somewhere in excess of, "oh my goodness" ,$ 7,200.00, or about half of the total of my monthly SS insurance checks. 

Review starts one to wonder, when is the time to choose between pills or food ? I bet, many my age have had to make that decision. In the richest nation in the World, yes, in this nation of inordinate abundance for some, pills or food should be the last thing on people's minds. Sadly this is not the case, far too many people have this choice to make. 

Don't get up a " Pity Party" for me, I'm ok and so is Connie. We have a loving family and some supplemental reserves. The key will be when, if at all, either Connie or me will ever have to go into a home. The story I've heard is that most elderly care homes are huge vacuums sucking in every dollar available. 

"Just keep on ago'n till you can't go no more" must be words to some song, somewhere. 

Ronald C. Downie


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