Nobddy has mentioned this, but medical costs can wipe you out even if you have Medicare. Medicare Part A pays for hospital costs. Medicare Part B pays 80% of everything else, but there is no maximum out of pocket. For medicine, you have to buy a Part D policy.
To avoid catastrophic costs, you can either buy a Medicare Supplement policty or enroll in a Medicare Advantage plan, and make sure you have a drug plan. Drug costs for cancer drugs are outrageous.
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Originally Posted by george kujanski
Cost of medical care is a big issue if you don't qualify for medicare. A serious illness can wipe you out.
George
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