This is scary stuff. Medicare is critical if you want to retire. Without it most boomers and seniors would have crippling medical costs in retirement. Privatizing Medicare is NOT a solution. It would save the government money but throw the risk, and increasing costs, back on the recipients. And it's not broke! Don't break it!
Medicare benefits extend to a lot of treatments and services, but not all of them. Discover what's not covered, and learn the exceptions to the rules.
- Routine foot care
- Dental care
- Services outside the United States
- Services provided by family members
- Routine hearing and vision
- Long term custodial care
- Cosmetic surgery
- Alternative treatments
Your 65th birthday is coming up. Soon, you think, the government will send you a packet explaining how to enroll in Medicare — its vast health program for 46 million seniors. Don’t hold your breath. Astonishingly, no coordinated effort to reach out to soon-to-be-65-year-olds exists. You have to figure out what to do — and when to do it — on your own, along with 10,000 Americans reaching the age of Medicare eligibility every day. Give yourself plenty of time.
Shocking news that some insurance companies, including some of the biggest healthcare insurance providers in the country, have been given permission to "seamlessly convert" beneficiaries who are eligible for Medicare into Medicare Advantage plans. These beneficiaries did not choose the plans, and may find that their doctors are not in the networks. Worse, if the beneficiary was in an employee plan and wanted to be in traditional Medicare after retirement, their placement in a Medicare Advantage plan may make it more difficult to get a Medigap plan after they retire.