Obviously, you do not understand the financial risks that you are taking.
Forgive me for being blunt, but quite frankly that is MY JOB! What you are doing is foolish and reckless.
Often, a terminally ill client, or a client with serious, chronic illnesses will spend FAR more on Part B and Part D services, than they ever will in a Hospital (Part A) or Skilled Nursing Center (Part A).
I have clients who's “Discounted Retail Cost” for Prescription Drugs (Part D) are WELL over $60,000 per year.
I have clients with MS who have motorized wheel chairs that cost $20,000.00, and this would be a “Part B” charge for DME or Durable Medical Equipment.
Medicinal Oxygen can easily be $1000 per month, if needed for home health care. This would ordinarily be another “Part B” charge.
Cancer patients often run far higher medical bills, for Chemotherapy and Radiation Treatment, done on an OUT PATIENT “Part B” basis, than they ever cost on “Part A” Hospital services.
Kidney Dialysis would, quite frankly BANKRUPT YOU with Part “B” charges, unless you are quite wealth, if YOU are not covered by Part “B”.
Your cost, for covered Part B charges are 20% after you meet the Annual Deductible of $140 per year. In your case, since you “opted out” of Part “B” you could EASILY pay bills in excess of $20,000.00 or more for cancer treatments.
Let me ask you, do you still pay homeowners insurance even though your mortgage might be paid off?
Why?
How many fires have you had?
Do you get my point? YOU WILL BE SICKER IN 5 YEARS than you are today, unless of course you are dead by then. You are planning the future based on your past.
That is a VERY stupid thing to do. Your past is NOT a crystal ball into your future, not at all!