Quote:
Originally posted by Moneyguy1
The so-called prescription benefit plan has so many drawbacks it may turn out to cost folks more.
For example, although most of you are not retired, please consider the fact that retirees are living on a more stringent budget. When the plan goes into full effect, those retirees with prescription riders on their retirement may lose them. Employers are considering dropping them since, after all, the Govt will be providing assistance. Where, riight or wrong, the retiree now has a $10 co-pay, and God forbid, has a very expensive but vital prescription, his or her cost for that prescription will skyrocket if the employer drops the co-pay.
And, the retiree will have no legal recourse. Sorry, Mom...buck up and eat cat food instead of tuna.....
There are those at the mercy of the system.
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Medicare was never ever intended to be one's only source of income or health services. Those who are at the mercy of the system have not planned for the rest of their lives.
If it's planned right, and this can be done extremely conservatively by starting retirement early, you will retire with more income per month than you made working. I'm 19 and not a rich guy, but I've started my retirement already. Every $100 i put into the plan right now will be worth tens of thousands more than $100 i put in when I'm 40 or 50.