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Aging Parents’ Struggle To Pay Out Of Pocket Medical Costs

When Medicare started, most of us thought it would take care of our medical costs when we got to be 65. Right away, we learned that we have to get supplemental insurance to pay for the 20% of those costs Medicare doesn’t cover. And on top of that, we have to buy a prescription drug plan (Part D).  Oh, well.  That’s what we do.  But here’s the other truth.  Even with all that, American seniors are spending an average of another $4000 a year on medical expenses not covered by traditional Medicare…Read More

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