Liz Smith | 09/21/2009 12:00 am
Liz Smith on Medicare: The Pros and Cons
Most of the women I am friends with are already on Medicare and they seem to be coping quite well in using this great mechanism. This doesn’t say, however, that if we don’t want to go bankrupt we better improve the system. I want to give President Obama’s ideas a chance to do that.

























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My husband and I are both on Medicare, and a supplemental insurance. It costs us around $577 a month. However we also have a drug plan, which costs $180 a year. Were it not for a State supplement, we would be in serious financial trouble, due to the fact that I have very expensive drug costs. For the first 3 months of the year, I have to pay a co-pay of 40% for each prescription, which always forces us to use a credit card, until the supplement picks up, around March of the new year. So basically we start off every year in hole.(Or as Medicare calls it the doughnut hole). Medicare is slightly cheaper than our private insurance used to be.
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