POST 50

The Thing That Will Wreck Many Americans’ Retirement

Universal health care promises to relieve Americans from the daunting medical costs that can drag them into poverty. Thankfully, older Americans—who have the biggest health expenses—already benefit via Medicare. But what many people may not realize, until it’s too late, is that Medicare doesn’t pay for everything.

 

A majority of Americans have no idea what their future medical expenses will cost (pdf), nor do they much consider how to pay for them by taking out extra insurance, paying out of pocket, or educating themselves about what Medicare will cover.

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