Jay, Would your premiums have been greater than $500/month for that year? That’s the question to ask. And as we age, the number of tests, office visits, outpatient surgeries, etc., can all add up. So it is a case of doing risk assessment each year.
I cover my car, and motorcycle with Car Covers dot com covers and have been mostly happy with them. I have sent an inquiry about a cover for the truck in the photo to the left of this post. Will be a pain to put on and take off, but it might just help me get another 20 years out of it.
This is true and yet another thing to consider. However, my experience, from a single source, (me), is that the 20% portion of the bills are very modest and reasonable. In most cases, they were still much less than the Supplements I priced. An extreme example - a Medicare bill for approximately $1.4m billed out the 20% portion to me at less than $6k, or 0.4% of the actual bill. Very manageable and certainly not shocking at all to me. This may have been the one time where a Supplement would've actually been less. Jay