Tag: health care costs
Introduction One source of financial risk that older Americans face is high health care expenses. Although the largest share of these expenses is due to predictable insurance premiums, retirees can pay sizable additional out-of-pocket costs as well. Medicare and Medicaid help reduce this risk, but Medicare does not cover every expense… Continue reading How Muc…
The brief’s key findings are: Even with Medicare coverage and ignoring long term care, retirees face sizable out-of-pocket costs for premiums, copays, and uncovered services. One way to gauge this burden is to look at how much these medical costs eat into their Social Security benefits and other income. After subtracting these costs, the typica…
