I have read a blog on the Huffington Post by Dr. David Belk advising Medicare supplements may not be useful for everyone.
My husband and I are on Medicare with a Blue Shield of California supplement. Dear husband is 73-years-old and I am the oh-so-much younger 67. We pay $4,700/year in premiums, are both healthy and have no recurring 'scrips. I did have a total knee replacement in 2012. While looking over the payments made, I found that Blue Shield paid a total of $1,100 from pre-tests to last physical therapy and everything in between. Medicare paid everything else, including the surgeon who “billed” Medicare for $20,000 and was actually paid $858.
We’re thinking of dumping our supplement, and investing the $4,700 each year to cover future co-pays and such. We would appreciate any insight you may give us. Thank you.