ok, so who loves their medigap plan?

[question everything]

8. Without it, we would have to go bankrupt

Spouse had a major surgery earlier this year, 10 days in the hospital, three weeks in a rehab, three weeks home visits by therapists, several weeks outpatient cardio rehab, a rush to the ER when the anti coagulant went haywire, colonoscopy, and all the tests and regular visits including expensive asthma shots.

Granted, the insurance company - a non profit, meaning it does not trade on the stock market nor paying $20 million to the CEO - owns a major hospital in town and many associated clinics and thus negotiates good charges.

I just printed the summary of the January - September 2021:

Total claim submitted: $285,000

Total cost approved: $125,000

Plan's share: $121,000

Out share: $3,300 (this is the maximum out of pocket)

I have been wondering whether if we would just taken basic Medicare, which is hospital, where would we be.


Oh, the monthly premium is $136. Worth every penny.