makeupmaven1967
New Member
I am a single female who turned 65 on Nov. 8. An insurance representative (husband of an aquaintance) had been doing a lot of research for me on plans. He was going to sign me up for a PPO which also included a drug plan. I am in good health overall, but I take some meds, hormones, and I get a very expensive ($800) shot every six months to prevent osteoporosis. Because of my income I had gotten it for $25.00. The acquaintance's husband said it would cost me $95 a shot under the drug part of the PPO. The premium for this plan (Humana) was $46 a month. Then another not-as-close an acquaintance told me her son sells insurance and that he would look at the other guy's plan and if it looked good, we would leave it alone. Dummy me. He sold me two plans, one a supplemental from Colonial Penn and another drug plan from Humana. I don't know if his drug plan is the same as the other guy's even though both are Humana. He made it sound like all the shot would cost me with his plan was the cost of the office visit. The total premium for both the second guy's plans equals $87. I guess the thing that sold me was the fact that on the first guy's plan, I would be responsible for the first $4900 out-of-pocket. On the plan I bought, I think it was something like $150. The guy didn't really pressure me, but I feel very disloyal to the first guy not to mention I don't know which plan is better for me. I don't understand the first thing about insurance. The second guy said the first guy's plan carried a lot of liability. The second guy's plan is a Plan N with a $147 annual deductible (maybe I am confusing the deductible with out-of-pocket). Out-of-pockets, deductibles, co-pays, etc. totally confuse me. I know I have three days to back out of the plan I bought today (is that three business days?). The first guy put in a lot of hours. I feel guilty but would feel a lot less so if I knew I did the right thing. I am continuing to work full-time until I turn 66 and get social security and at that time will try to work a little less or maybe do something other than retail. I bring home on average $365 a week. My rent is $678 a month. With Part B being $104.90 and another $87 on top of that I don't know if I can swing it. But if the PPO with the lower premium is going to cost me more in the long run, then maybe it is better. The first guy's plan had a $10 co-pay for primary care and $40 for specialists. The second guy's plan had a $20 co-pay for both. The first guy's pan had Silver Sneakers. The second guy's didn't. HELP. I am making myself sick over this. Could you just take a stab at this?
