Amarin Corp Plc (AMRN)

[ferretmoney]

There is a very important catch to keep in mind if you’re just approaching Medicare age. Once you enroll in an advantage plan or a supplement plan (plans Identified by letters A-G) you can never upgrade. You can change advantage plans or supplement plans with the same or lower letter but you can never upgrade to a higher level (go from an advantage plan to a supplement plan or to a higher letter supplement plan). Fortunately for me, when I was about to enroll my brother-in-law who is six months older, gave me this info, so I chose a plan F from the get-go. Plan F pays Medicare deductible and all medical co-pays in exchange for a higher monthly premium. I pay about $230 a month right now at age 75. The premium goes up with age. If I am hospitalized, get cancer, have a stroke etc, I have no copays. Supplement plans don’t cover medication however except while hospitalized, so if you choose the Medicare supplement route you also need a part D prescription drug plan (PDP).

One huge caution: I read somewhere that plan F is going to be discontinued for new enrollees but grandfathered in for current enrollees. In any case I recommend enrolling in the highest level of coverage available to you because the monthly premiums will become insignificant compared to the cost or the risk of cost of major medical issues.