Forbes September 22, 2022
Howard Gleckman

A great misconception of aging in America is the belief that Medicare will pay for your health care needs in old age. It won’t.

It will pay for some of those medical costs. But a typical senior can expect to foot the bill for a substantial portion of their health care, even if they are enrolled in Medicare.

Half of retirees spent more than $4,300 for health care in 2018, according to a study by the Center for Retirement Research at Boston College. And high-cost Medicare recipients spent more than $10,000 that year alone. And that doesn’t even include long-term care, which Medicare generally won’t pay for at all and which was excluded from this study.

CRR authors Melissa McInerney,...

Today's Sponsors

pCare
Institute for Healthcare Improvement
Crossover Health

Today's Sponsors

ZeOmega
Holon

Today's Sponsor

Premier

 
Topics: Healthcare System, Insurance, Medicare, Patient / Consumer, Pricing / Spending, Provider, Survey / Study, Trends
Why addressing unexplained variations in care should be a healthcare system priority
Prices for more than 1,200 drugs rose faster than inflation: HHS report
In The Costly U.S. Health Care Market, Mark Cuban’s Company Has A Plan To Reduce Prescription Drug Costs
Careviso rakes in $17M to enhance price transparency in diagnostic testing
Congressional Budget Office pitches healthcare price growth cap