| History of Medicare:
Medicare began in 1965 and by 1995 there was so much fraud the entire program was in mortal danger. In 1996 Medicare decided to partner with the insurance companies and did. This brought improvements but the fraud problem was far from solved.
This introduced Medicare Supplement plans and Rx plans. With a Medigap Plan F you will have a premium to pay but no medical bills to pay. The premium you pay varies from one insurance company to another but the coverage is exactly the same. Why pay extra?
In 2003 the government admitted how poorly they were handling Medicare and decided to "hire" the insurance companies to run it for them. This was the birth of Medicare Advantage plans which give you the protection of HMO/PPO plans regardless of your age or state of health.
This eliminated much of the fraud and expanded the service and coverage offered. I recommend the zero premium plans with low co-pays and low deductibles.
Medicare pays the premium instead of paying the medical bills. The bills are paid by the insurance company. Because the insurance company is more efficient, they can pay the medical bills and still make a profit. Medicare saves money. You risk major expense for a life changing medical event. (Medigap protects you better)
I believe history begins yesterday; not at the beginning of time. It is much more easy to become interested in how things you use every day were developed or how laws that irritate or please you came to be. History is real and it is now. It is a great deal more than major wars and politicians.
Buy the book now and definitely save money!
"Common Sense Retirement"
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