Health Insurance Ruses

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Posted by Bruce W. Parker (172.166.146.221) on August 11, 2001 at 18:44:02:

I'm a fairly recent federal retiree in my early sixties after nearly 40 years of government service including 12 years in combat situations. I have 3 bronze stars to my credit. I currently pay Mutual of Omaha about $225 per month for health coverage (wife also) and I'm told the government matches this policy to the tune of over $400 per month. Having observed the actions of some of the "reliable" as well as the not so reliable companies out there, I get the uneasy feeling that individuals between 60-65 years of age are getting "lowballed" while the companies wait it out to push any problems onto the medicare system while some insurance executive lives in opulance with the mounds of money I've paid them over 35 years. I recently contracted poision ivy and was told I had to pay a $30 co-pay for a "non-formulary" prescription ointment while my wife who has union coverage at one tenth the cost of my Mutual of Omaha policy only pays $3.25 for any and all prescriptions. Not only that, her policy has excellent dental coverage while mine has almost none. Omaha also failed to pay up on a claim despite the fact the policy states they cover a single pair of prescription glasses on a one time basis. I'm almost afraid to try crunching the numbers by myself for what could be found regarding discrimination against the 60-65 yoa group. I'm only going to die once, of that I'm sure. But I'm awfully tempted to terminate my health coverage now to deny the insurance industry a "cushy" deal. I'm sure I can hold out for the next few years until I'm medicare eligible. If I still have my poison ivy problem at that time, at least I can get an ointment for $5 bucks. Of course, the other option is to wait until it gets worse and get a much more expensive treatment that will cost me $20 dollars but will certainly cost the insurance company more money. I was never one for state run medical industry but I think I'm being persuaded otherwise unless the government can force the industry to pay their fair share. There will certainly be greed and abuse but anything would likely be an improvement over the broken system that currently exists.

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Re: Health Insurance Ruses Ken Young 07:45:38 8/16/2001 (0)

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Comments:
: I'm a fairly recent federal retiree in my early sixties after nearly 40 years of government service including 12 years in combat situations. I have 3 bronze stars to my credit. I currently pay Mutual of Omaha about $225 per month for health coverage (wife also) and I'm told the government matches this policy to the tune of over $400 per month. Having observed the actions of some of the "reliable" as well as the not so reliable companies out there, I get the uneasy feeling that individuals between 60-65 years of age are getting "lowballed" while the companies wait it out to push any problems onto the medicare system while some insurance executive lives in opulance with the mounds of money I've paid them over 35 years. I recently contracted poision ivy and was told I had to pay a $30 co-pay for a "non-formulary" prescription ointment while my wife who has union coverage at one tenth the cost of my Mutual of Omaha policy only pays $3.25 for any and all prescriptions. Not only that, her policy has excellent dental coverage while mine has almost none. Omaha also failed to pay up on a claim despite the fact the policy states they cover a single pair of prescription glasses on a one time basis. I'm almost afraid to try crunching the numbers by myself for what could be found regarding discrimination against the 60-65 yoa group. I'm only going to die once, of that I'm sure. But I'm awfully tempted to terminate my health coverage now to deny the insurance industry a "cushy" deal. I'm sure I can hold out for the next few years until I'm medicare eligible. If I still have my poison ivy problem at that time, at least I can get an ointment for $5 bucks. Of course, the other option is to wait until it gets worse and get a much more expensive treatment that will cost me $20 dollars but will certainly cost the insurance company more money. I was never one for state run medical industry but I think I'm being persuaded otherwise unless the government can force the industry to pay their fair share. There will certainly be greed and abuse but anything would likely be an improvement over the broken system that currently exists.

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