Retirees may know that Medicare doesn’t cover inpatient hospital costs forever, because Medicare Part A covers the first 60 days of the cost for time spent in the hospital after you’ve reached your deductible. Beginning on day 61, beneficiaries must pay a daily coinsurance amount. For very long hospitalizations, patients may ultimately be responsible for … Read more
Shutterstock Moneywise and Yahoo Finance LLC may earn commission or revenue by linking to the content below. Once you turn 65, there’s a 70% chance you’ll need some kind of long-term care throughout your life, according to LongTermCare.gov (1). Unfortunately, paying for this care can be very difficult: According to SeniorLiving.org, the average price of … Read more
Every time they open enrollment in Medicare, millions of older adults struggle with the same annual dilemma: stay with their current plan or switch. Two influential voices—comedian John Oliver and personal finance expert Suze Orman—are making a strong case for ditching Medicare Advantage (MA). When high-profile figures offer such strong advice, it can be hard … Read more