Escalating medical insurance costs
The open enrollment period for Medicare policies started Oct. 15 and ends Dec. 7. So my spouse and I went to the Medicare site to review our Medigap and drug insurance policies. We started with the drug plan and saw a nice surprise. The monthly cost was going down by $2, a reduction of 2%. Not a huge amount. I would have been satisfied with a 2% increase. Inflation is always present, moving costs up. Our attention then turned to the Medigap policy. All I can say is ouch. It went from $117/month to $181. This is a 54% increase in the monthly cost, or $64. The Federal Government ...