The Basics of Medicare

October 2013
Financial Planning;Oct2013, Vol. 43 Issue 10, pB5
The article discusses facts about Medicare that financial advisors should consider as they help their clients in their financial planning. It addresses the high cost of health care in retirement and describes Medicare's elements, namely hospital insurance, medical insurance, advantage plans, and prescription drug plan. Medigap is also considered as a supplemental insurance to Medicare that can be used to deal with Medicare gaps such as copays, coinsurance, and deductibles.


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