Desperate Retirees: The Perplexing Challenge of Covering Retirement Health Care Costs in a YOYO World
27 Pages Posted: 11 Jun 2014 Last revised: 13 Jun 2014
Date Written: June 9, 2014
A retiree’s single largest and most unpredictable expense is paying for health care, and this article explains the various choices and options that a retiree confronts regarding that expense. The article examines the traditional components of Medicare (Parts A and B), prescription drug plans (Medicare Part D), Medigap coverage, and managed care alternatives, as well as long-term care insurance. Each section addresses the financial trade-offs and time-sensitive decisions that are involved.
Keywords: Medicare, retirement health costs, Medigap, managed care, long-term care
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