Wife not old enough for Medicare.
First: Insurance is suffering from "shrinkage" just as much as potato chips. Not near as much in the bag.
Second: The way I see it, I can purchase an almost decent policy for my wife (worse coverage than in the past) OR.... I could make payments on a brand new, high-end Bentley (including insurance) for the same money.
I don't need a Bentley. Yet?
Being healthy, no insurance, is the best answer. Yet?
This is ridiculous. So much for retirement. Social Security doesn't even cover the cost of healthcare. Gees.
SS is definitely not safe to rely on. If you get back anything you pay in, you’re lucky. Everyone should save for their elderly years as if they won’t get SS… if at all possible.
Personally we opt for the lowest insurance plan to be there in case of a massive catastrophe, and save and handle as much of our own medical needs as possible.