I have never been sick, hospitalized, never had surgery and am not taking any medication, so thus far in my life, I have been paying health insurance premium without ever been involved in filing any claim.
I know at some point in my life, I will properly need health care. I read here in budgeting thread about health care cost people need to save for while in retirement.
So what do MediCare A and B actually cover once you are old enough to get coverage? And what proportion of hospital bill and doctor fees do the basic coverage of A and B pay for? What is the maximum out of pocket expense a covered person is liable for each year? Or is it unlimited? What is the purpose of getting Medigap? What is the extra pot of money people talked about saving for, is to be used on? I tried to research those subjects and cannot get any clear answer.
I know long term care is not covered, and to get medication covered you have to buy Plan D.
I know at some point in my life, I will properly need health care. I read here in budgeting thread about health care cost people need to save for while in retirement.
So what do MediCare A and B actually cover once you are old enough to get coverage? And what proportion of hospital bill and doctor fees do the basic coverage of A and B pay for? What is the maximum out of pocket expense a covered person is liable for each year? Or is it unlimited? What is the purpose of getting Medigap? What is the extra pot of money people talked about saving for, is to be used on? I tried to research those subjects and cannot get any clear answer.
I know long term care is not covered, and to get medication covered you have to buy Plan D.
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