• La Rae Banks, MBA-HM

Healthcare costs increase bankruptcies in seniors!

According to an article in Reuters, "Medicare is fairly comprehensive, but it doesn’t cover everything — and the basic coverage doesn’t cap out-of-pocket expense if you become seriously ill or need nursing care. In fact, healthcare expenses can wreck retirement security - a fact underscored by a recent study that found medical expenses are a major contributor to bankruptcy among older Americans." Solution? Many seniors purchase a MediGap policy...


https://www.reuters.com/article/us-dp-elderly-bankrupt/health-costs-fuel-rise-in-bankruptcy-among-elderly-idUSTRE6A73M920101108


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