Let Us Help You Keep The Freedom To Choose The Medicare Plan & Keep Your Medical Providers
Medicare won't cover all your health care expenses. Here's how to prepare
Many people signing up for Medicare don't know that some budget-busters, like dental care and hearing aids, are generally not covered.
Routine vision, long-term care and health services received overseas are excluded from basic coverage. Even the difference between being kept at the hospital for observation instead of being admitted as a patient can result in surprise costs.
The average couple retiring today at age 65 will spend an estimated $280,000 on health care during the remainder of their lives.
Medicare to Provide More Benefits for Chronically Ill
In what theNew York Times calls "a rare instance of bipartisan cooperation on a major policy initiative," the Trump Administration and Congress are "revamping Medicare to provide extra benefits to people with multiple chronic illnesses, a significant departure from the program's traditional focus that aims to create a new model of care for millions of older Americans." The changes, says the Times, "tackle a vexing and costly problem in American health care: how to deal with long-term illnesses that can build on one another, and the social factors outside the reach of traditional medicine that can contribute to them, like nutrition, transportation and housing." The additional benefits "can include social and medical services, home improvements like wheelchair ramps, transportation to doctor's offices and home delivery of hot meals."
To Lower Medicare Drug Costs And Get Around Gag Orders At Pharmacy, Just Ask For The Cash Price
Kaiser Health News: As part of President Donald Trump's blueprint to bring down prescription costs, Medicare officials have warned insurers that "gag orders" keeping pharmacists from alerting seniors that they could save money by paying cash - rather than using their insurance - are "unacceptable and contrary" to the government's effort to promote price transparency. But the agency stopped short of requiring insurers to lift such restrictions on pharmacists.
Hospitals provide observation care for patients who are not well enough to go home but not sick enough to be admitted. The care may seem just like what an admitted patient receives — they are in a hospital room, nurses check on them and doctors order treatments.
But surprises can arise over billing because Medicare considers this outpatient care. So instead of Medicare picking up most of the bill, patients usually also have copayments for doctors’ fees and each hospital service, and they have to pay whatever the hospital charges for any routine drugs the hospital provides that they take at home for chronic conditions.
This video by Francis Ying and Thu Nguyen, narrated by Lynne Shallcross, explains what happens. For more information visit Kaiser Health News.
Kaiser Health News is a national health policy news service that is part of the nonpartisan Henry J. Kaiser Family Foundation.