The decision by the
"The gap between the dollars received from the federal government and the cost and use of medical services was too substantial for us to continue to offer
It has a big impact in
MORE HEALTH CARE: NJ health insurance costs: 4 big changes for 2017
And it offers a rarity: a group of health insurance customers who are perfectly content with what they get.
"They've been wonderful for me," Shannon said. "It costs me nothing."
What do you need to know about
Here are 3 things:
1. Alphabet soup
2. Free health care for everyone?
Not exactly. A typical consumer pays about
They also pay from
Consumers are on the hook for 20 percent of the cost under Part B, which often prompts them to buy a supplemental plan to fill in the gap. A 70-year-old buying the least expensive supplemental plan from
Both Mutual of
3. Are there less expensive options?
That market is going through a shakeup. In addition to
Insurers have had trouble making inroads in
"Those that are looking to have little or no (financial) exposure in case of critical illness, a medicare supplement plan could be a better option," he said.
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