Advisers all say don’t drop Part B, however I simply cannot afford it any more. I am one of those not “held harmless” in the new increase in cost. I do have excellent insurance though my government retirement, though. I will have to pay a co-pay and have a deductible, but it won’t cost me almost $200 a month like I pay now for Part B. My Blue Cross will cover me just like it did before I turned 65 and that was affordable for me for 30 years. Am I missing something?

  1. 2330 POINTS
    Steve Adlman
    Owner, Alabama Medicare Plans, Birmingham, Alabama
    I assume you have Federal Blue Cross. Now that you are on Medicare Part A & B, Medicare is primary not Blue Cross. Before you went on Medicare at age 65 Blue Cross was primary. Medicare only pays 80% on your Part B medical expenses. Part B covers doctor office visits and outpatient medical services. In my professional opinion you cannot afford to drop your Part B coverage. The 20% Medicare leaves off will cost you a lot more than the Part B premium when faced with serious and chronic health conditions.
    Answered on August 24, 2016
  2. 429 POINTS
    Thomas Schaffer
    Financial Service Professional, New York Life Insurance, Raleigh,NC
    I totally Agree with Steve! Once you reach age 65 there is no product that will cover what Part B does, except group health insurance if you are still working. If there was such a product you would not be able to obtain it for the cost of the Part B premium, it would be much more! Quite honestly rather then drop Part B, you might want to look at a medicare supplement or Medicare advantage plan!
    Answered on October 16, 2016
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