MANY people are working past the age of 65 I am, YET my healthcare through work was less expensive for me BUT I was forced onto Medicare or face fines just STUPID!!!
The average Medicare recipient receives three times more in benefits than they paid into the system. Medicare is unsustainable as currently structured.
Medicare Part B is optional. You could opt out, but that would be dumb. Federal retirees like myself must use Medicare as our primary insurance, but I still pay the same amount for my Federal Health Insurance plan that I would pay as a working employee. It serves as my Medigap policy and I pay no deductibles.
Nine out of ten Medicare recipients also have Medigap insurance to cover costs Medicare doesn't cover.
There are not enough people working over the age of 65 to save Medicare. In 2020 there were 62.6 million people under Medicare or 18.4% of the total US population. That number and percentage will continue to increase as our aging population increases.