President Obama wants to TAX Medicare Supplement Plan F

President Obama wants to TAX Medicare Supplement Plan F

President Obama proposes a 15% surcharge on new buyers of Medicare Supplement Plan F to discourage seniors from buying plans that have first-dollar coverage.

Robert Bache aka MedicareBob’s Reaction:

Emotional: “President Obama, PLEASE LEAVE PLAN F ALONE!!!

One of the biggest misconceptions is that Medicare Supplement Plan F is purchased only by the “wealthy” Medicare Beneficiary.  This is just not true! Some seniors purchase Plan F because they are not wealthy, and they are on a limited fixed income. For some of these Medicare Beneficiaries, they prefer to budget $120 per month for their Medicare Supplement Plan F and know that they do not have any unexpected medical bills.

In my experience, seniors on a limited fixed income typically have their monthly budget accounted for, and some of them would prefer to pay/budget for the Plan F, and in return make their most unpredictable cost a fixed cost, which is their healthcare.

Professional: Both sides of the Isle and President Obama seem to believe in what is referred to as “over utilization”. “Over utilization”, is the belief that if a Medicare Beneficiary has Medicare and the Medicare Supplement Plan F (first dollar coverage), they are more likely to use their health insurance more often, and in return requiring Medicare to pay more claims.

I can appreciate this argument, but I also thought that the Government supported “preventing” over “treating”. On one day the Government is states that they want people to go to the Doctor more often because it is cheaper to prevent health issues than it is to treat them for people who wait to go to the Doctor. Now the Government is trying to tax people that choose to purchase a Plan that allows them to go as often as they want…

 Closing: President Obama, PLEASE LEAVE PLAN F ALONE!!! Medicare Supplement Plan F is not the problem with Medicare.

Dear President Obama, I have helped over 4,000 people within the last 3 years with choosing which type of Medicare coverage is best for them. I would be more than happy to meet with you and provide any input that I can, because I do agree that we have to “Reform” Medicare, but taxing people that have a Medicare Supplement Plan F is not the answer.

Robert Bache aka MedicareBob

1-800-525-0299

Bob@MedicareBob.com