Reducing Your Out-Of-Pocket Healthcare Costs
Photo by Hermes Rivera on Unsplash
When we reach retirement age, we begin to receive a monthly check from the government. This is not a gift. Throughout our lives, money is taken from our salary and paid into the Social Security Administration.
Medicare is a government administered health insurance program for people over 65 years old or people with disabilities. It is not free, though Medicaid does help people of low income with some of their health needs at no cost.
Medicare has 4 parts
Medicare Parts A & B
Medicare Part A pays for inpatient hospital visits. There is no charge to the patient who is on SSI.
Medicare Part B pays for basic and some preventative health care issues. There are specifics on what it will and will … Read More