Let’s Bankrupt the Elderly!
This year, a 90-year-old woman, after 34 years of being covered by Medicare, was denied Part G Medicare coverage by Anthem because of her preexisting condition. (See Letter Below). She is not the only one.
The notion that insurance companies are not allowed to turn you down because of preexisting conditions is false. It only applies to insurance policies covered under the ACA, which does not include Medicare.
Maybe when your grandparents or your parents or even you turn 90, if your insurance company thinks that your health is starting to decline, you too could be unable to obtain supplemental Medicare coverage. No silver sneakers for you!
The excuse could be you have acne, or that you suffer from back pain; or maybe, the insurance company drops your coverage because you have become diabetic, take cholesterol medicine, blood pressure medication, or thyroid medication. Whatever the reason given, you could be on the hook for all medical bills not covered by Part A or by Part B; which, if you get seriously ill could be over a million dollars.