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Are You Penny-Wise, Pound-Foolish When It Comes to Deciding on Medicare Supplement Insurance?

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Are You Penny-Wise, Pound-Foolish When It Comes to Deciding on Medicare Supplement Insurance?
Dec 19th 2011, 04:57

How not purchasing a Medigap Plan can can be a penny-wise, pound-foolish decision. What does this expression from three centuries ago mean? Does it still relate to modern life? How can you apply it when considering your Medicare Supplement Insurance options? The definition of penny-wise is: unwise thrift. The whole proverb is: Penny wise-and pound foolish, like the man who lost his horse from his penny wisdom in saving the expense of shoeing it a fresh when one of its shoes was loose. Source:...

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