How To Set Money on Fire
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Personal finance newsletter for every age division. I am also the author of Maximize Your Medicare (Allworth, 2022) and Education Fellow at The Alliance For Lifetime Income.
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IF A PENNY SAVED IS A PENNY EARNED, then
$1200 WASTED IS $1200 BURNED (tell me I am wrong, I’ll wait right here)
This is happening, I guarantee it.
If Mr X stays with his current plan, with a given set of prescriptions.
The sum of premium, deductible, and copay = $2,324.88.
If Mr X changes plans, for free, he can get this, same prescription list, same pharmacies.
The sum of premium, deductible, and copay = $1,111.47.
I don’t care what your net worth is, even a person with more than $1MM doesn’t set $1200 (=2324.88 minus $1,111.47) on fire.