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Having A Late-Life Drug (Deductible) Crisis? Do This!

Mar. 10, 2018 9:15 AM ETARCC, BTI, LUMN, DIN, ED, EPR, GEO, GOV-OLD, IRM, KIM, MAIN, MO, O, OHI, RMR, SO, SUI, T, VGR, VZ, WPC, CLDT208 Comments
George Schneider profile picture
George Schneider


  • If I had to choose, I'd choose a drug-deductible crisis over a drug crisis.
  • Growing old is tough enough without having to constantly deal with governmental and health insurance onslaughts.
  • We'll discuss a late-life crisis and how we kept ahead of it, buying shares in high yield REITs, Government Properties Income Trust and Chatham Lodging.

Recently, I wrote a piece titled, "Did Your Medicare Premium Just Double? Here's How I'm Dealing With It." Over 50,000 readers read that article and left over 700 comments. For background on what I'm about to discuss, I recommend reading it and adding your own 2 cents in the comment section.

Life Crisis

photo source

We're all familiar with the concept of a mid-life crisis.

mid·life cri·sis


noun: mid-life crisis

  1. an emotional crisis of identity and self-confidence that can occur in early middle age.

It is often manifested by middle-aged males, who, in a desperate attempt to regain, retain or recapture their youth and vitality, go out and buy themselves a fancy toy. The most common is a shiny new sports car. We're all familiar with this stereotype.

photo source

When we get into late-life, other crises befall us. Here's another that I just faced.

From $0 To $500 Drug Deductible

My wife and I both have Medicare Advantage Care plans. As a condition of having part D drug coverage, we must pay, in addition to our regular monthly premiums, $46 per month to the Medicare Advantage Care plan, plus $32 per month which is deducted from our Social Security benefit. This is just for drug coverage. So, in total, we are spending $78 per month, each, or $156 per month for both of us to have drug coverage.

This does not pay for our drugs in total. We still have to pay various amounts, from $12 to $46 for drug prescriptions, based on what tier the drug falls into in the plan's drug formulary.

Moment Of Truth

Recently, upon placing an order for a prescription, we were told we'd have to pay the full cost of a drug prescription, some $100. "Why?" I asked. I was informed that my health plan, beginning January 1, had instituted a $250

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This article was written by

George Schneider profile picture
Feel free to email me with any questions you may have at: geoschneider@hotmail.comAside from free articles available to the general public, additional early-access, value-added ideas and deep-dive articles are offered to paid subscribers on my premium newsletter platform, "Retirement: One Dividend At A Time" . This exclusive RODAT Portfolio has performed even better than my popular FTG Portfolio, with higher dividend income growth and greater capital appreciation.I'll be happy to send you subscription information and a couple of free, exclusive articles so you can judge for yourself if my service is for you.We now offer three subscription tier levels, all very affordable, one for every pocketbook.Just send me your email address and I'll send you all the information you need to decide if my service is suitable for you. Send your email to:geoschneider@hotmail.comIf you are interested in any of my very popular and easy to use digital utility solutions to add to your investing tool box to improve your investment outcomes, please visit my site:http://safeseller2.ecrater.com You'll find elegant applications that make it simple for you to track your portfolio in real time, make a watch list to follow in real time, track your dividend income and growth, and other applications. These applications will allow you to set alerts at prices you choose in order to obtain the yield and income that you want. They function as real time trade assistants and will improve your investment performance. You can even mirror the successful FTG Portfolio with "My FTG Mirror Calculator", and subscribers can mirror the premium subscriber portfolio with "MY RODAT Mirror Calculator" if they wish to emulate the out performance we've achieved in capital and income growth.I am a retired clinical psychologist, and administrator and owner of a rehabilitation clinic we founded 40 years ago. For over 55 years I have managed several portfolios composed of investments accumulated over our professional careers. Since the financial crisis of 2008, I have employed specialized, customized dividend growth strategies aimed at enhancing and growing a dividend income stream.Since December 24, 2014, I have demonstrated on Seeking Alpha the ongoing construction and portfolio management of the Fill-The-Gap Portfolio aimed at highlighting strategies investors may utilize to close the gap between an average Social Security benefit and the much greater costs faced in retirement.This portfolio has outperformed all of the broad market indexes by a very wide margin, growing dividend income and total portfolio value consistently while the broader indexes struggle in negative territory all year.Let me show you how to build and grow your portfolio and dividend income, step by step, towards a comfortable and secure retirement.Feel free to email me with any questions you may have at:geoschneider@hotmail.com

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