~Bumper Sticker Siting~
Don't Steal..The Government Hates Competition
Today, November 15, is open enrollment period for folks on Medicare prescription drug plans or a Medi-gap policy. Open enrollment is for 6 weeks but the task in picking a policy is so confusing and complicated it might take that long just to understand the good and bad points of a policy. If the huge amount of choices doesn't suck up all your time...the fine print will blind ya and leave you wanting new glasses. Don't get me wrong, many choices are good. Heck, I'm pro-choice. But the details in a health care policy are varied and complicated and it is difficult to figure out which plan is the best for you, physically and financially.
As simple as this decision might sound, it means weighing dozens of options. While some plans simply charge a monthly premium, others impose a range of fees, including co-payments and deductibles. As a result, it's not always easy to project what your out-of-pocket costs will be. With Medicare Advantage for instance, your costs will depend on the services you use. Is it better to buy a $70-a-month plan that fully covers hospitalization or a zero-premium plan that charges $150 a day for hospital stays? Wall Street Journal Link