More About Medicare
In 1965, Medicare was signed into law. At that time, the average life expectancy of an American was 67 years old, which meant the average person was only on the federal Medicare insurance program for two years. Today, Americans on average live to be 78 years old! Although this is great news, the financial responsibility for Medicare is in the hundreds of billions.
While Original Medicare covers many Medicare costs, the reality is that most beneficiaries are required to spend money out of their own pocket to supplement their Medicare. Fortunately, there are options to help you reduce your out-of-pocket costs!
Let’s look at the basics of what options are available to you!