20 Medicare FAQs: Do you know the answers?

10/31/24 at 03:00 AM

20 Medicare FAQs: Do you know the answers? 
WealthUp; by Riley Adams, CPA; 10/29/24 
Medicare is instrumental in ensuring that older adults, as well as individuals of all ages with certain medical conditions, have access to affordable health care. It’s also infuriatingly complex in some respects. According to the 2024 KFF Survey of Consumer Experiences, 37% of respondents said it was either “somewhat difficult” or “very difficult” to understand at least one of five aspects of their Medicare coverage. That’s at least better than employer-sponsored insurance (54%) or Medicaid (46%), but it’s still a high percentage that shows many Americans don’t know Medicare inside and out. ... I’ve compiled a list of some of the most frequently asked questions (FAQs) about Medicare, and (more importantly) answers to those questions. The better you understand this vital social program, the easier it should be to make educated decisions regarding it. [Click here and scroll down to "Common Medicare Questions."] 

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