No, you are probably NOT paying anywhere the premiums that you would have to pay without Medicare. So, are you getting extra benefits without paying the premium or are you getting benefits from the government?
If you actually check on the rates for medical insurance at your age, I would suspect that it would be over 600.00 a month. Not fair, but the going price for old age medical insurance. No, you are NOT paying anywhere near the required amount for your insurance! Heck, it was over 600 a month when I was 55 - many years ago...
So, No, you are skating with that kind of low payment. In reality, you are getting about 300 or more a month guaranteed by the government. That is not a bad thing, it is just a fact of life right now. The younger generation is paying for that though...
So, you also are relying on government to pay most of your premiums. That is understandable since they did make a pact with you regarding taxes etc. That does NOT mean that it is right or that you aren’t depriving your children of their monies - either taxes or other hidden taxes.
Yes, you and I continue to be the problem with the younger generation... Not a nice thought, but it is true...
Do you have medicare advantage?