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  • lisaannettestanley

Medicare. An 80/20 Plan

While Medicare For All may seem like the Gold Standard in Health Care, massive Gaps in Coverage created the need for Supplements.

https://www.revolvingdoorhr.com/understandinghealthinsurancetoolkit

Unless this country embraces truly Socialized Medicine like Britain or Canada, there will always be a need for Supplements.

This, in my opinion will go over like a fart in Church with Doctors, Hospitals & Insurance Companies that profit from the American Medical Industry.

Of course I can't say that when I'm sitting one on one with people in an Employee Benefits Enrollment, an Employee Benefits Group Presentation or a Medicare Enrollment with an individual Insured.

Understanding Medicare Supplements provide the basis for understanding how ALL Medical Plans work in the US.

https://www.revolvingdoorhr.com/single-post/2017/09/13/MediMed-Resources-for-Special-Needs-Kids

Insurance Supplements are GAP FILLERS to protect us from those 20% of Out of Pocket Costs that could potentially bankrupt a family should a hospitalization due to accident or illness occur.

Most people can afford to pay for a Doctor's Office visit out of pocket, but an unplanned Hospital stay could be a potentially bankrupting event.

Take for example a $100,000 Hospital Bill. Most Employer-Sponsored Health Plans, under an 80/20 Plan would leave the employee with a $20,000 Out of Pocket Hospital bill - thus the need for SUPPLEMENTS, like Hospital Indemnity, Accident Plans, Critical Illness Plans & the like.

As an Employee Benefits Counsel who depended on ObamaCARE for my own coverage, I had to teach this basic principle to Employers & Employees alike who were not educated on this.

Additionally, ObamaCARE is the Coverage of Last Resort (for people like me) who are 1099 & are not offered Employee Benefits through a job, who are not yet 65 & can Age in to Medicare and who are not Low Income enough to Qualify for Medicaid.

https://www.revolvingdoorhr.com/single-post/2018/03/19/LIS-Special-Election-Periods-for-Medicare

To all supporters of Bernie Sanders, or BernieCrats, as I affectionately refer to them, lack of Party Unification is what enabled the 2016 Election TO BE STOLEN.

While Medicare For All - or even TRULY SOCIALIZED MEDICINE, which I whole-heartedly SUPPORT is a fantastic ideal, people NEED TO UNDERSTAND WHY this is not a perfect fix for our broken Health Care system.

One more time, #AmericaLetHillaryClintonDown

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