Medicare Out-of-Pocket Costs Too High for Some


I read this interesting Medicare Rights Center May 18, 2017 blog post by Casey Schwarz and thought I’d share.


The article states that 56 million people (about 17% of the U.S. population) rely on Medicare and receive many benefits from the program. However, Original Medicare excludes coverage for dental, vision, hearing, and long-term services, and contains no ceiling on out-of-pocket costs for covered services. As a result, Original Medicare beneficiaries can be exposed to high costs.1,2

The actual report examines out-of-pocket costs by individual income and health status. It finds that more than one in four people with Medicare (approximately 15 million people) spend 20% or more of their incomes on premiums and medical care.1,2

To read the entire article, click web link below:.

https://blog.medicarerights.org/medicare-pocket-costs-high/

However for the full report, click on web link below:

http://www.commonwealthfund.org/publications/issue-briefs/2017/may/medicare-out-of-pocket-cost-burdens


Sources:

1. Medicare Rights Center Blog 
https://blog.medicarerights.org/medicare-pocket-costs-high/

2.  The Commonwealth Fund web page: 
http://www.commonwealthfund.org/publications/issue-briefs/2017/may/medicare-out-of-pocket-cost-burdens


Note: Medicare Insurance information can be overwhelming and confusing to many people. As an independent licensed agent I can explain things to you in simple terms so you feel comfortable making a decision. Then I can help you choose and enroll in a plan that you feel fits your needs.

By the way, it doesn’t cost you any more if you enroll in a Medicare Insurance plan through me as an independent agent versus directly with an insurance company either over the phone or via the Internet, since I get paid by the insurance companies for your enrollment. Plus you will have personalized service by a local agent. If you would like my assistance, please call me at 941-404-5334.

By calling this number, I understand I will be directed to a licensed insurance sales agent.

Please take a few seconds to read what my actual clients have to say about my personalized service in their own words by clicking this link. Insurance Agents Reviews