Eliz. Warren Report Exposes Insurance Industry Ploy to 'Scam Millions of Seniors'

[Delphinus]

16. I was

taken aback by what is needed when you retire and go onto Medicare.

Hubby and I had gone to a seminar by an insurance broker and had an idea what we were looking for. I could NOT figure out how to get Plan D - drug coverage - and somehow I entered my phone and within seconds I received a phone call from an agent. She was very nice, professional, knew the drill. I had planned on Medicare Part B - no advantage plan - and the agent started talking about the Medicare Supplement (Medigap), the Hearing, Vision, Dental plan (about $35 per month), the Critical Illness policy (around $30 per month), and then Drug Coverage ($10 per month). I was speechless!

The money for the Medicare Supplement was $90 per month! That's on top of whatever we are going to pay for Part B. And any other of the policies.

I really thought I could get Part A, Part B, and Part D and not need anything else. How are folks supposed to receive Social Security, pay taxes on it, and then pay for all these other things????

WHY do we need Medigap?