What Are The Recent Changes in Healthcare and Medicare?

Medicare
by Korean Resource Center 민족학교

Despite recent economic strain, US citizens on the cusp of senior status are still springing into action when it comes to purchasing Medicare supplement plans in anticipation of upcoming healthcare needs. With inflation rates and projected healthcare costs continually escalating, it seems as though many emerging senior citizens may need to take extra precautions, in terms of both personal savings and Medicare supplement selection.

A recent study performed by the Employee Benefits Research Institute (EBRI) describes the degree of savings needed to obtain a quality medicare supplement plan:

“…a man retiring this year at age 65 will likely need between ,000 to 8,000 in savings to cover insurance premiums and out-of-pocket expenses during retirement. The differences in dollar amounts are based on the statistical chances of an individual having enough money. In other words, it one wants to be 90% sure of having enough in savings, he would need the higher amount; for a 50% chance he would need at least the lower amount.”

The EBRI study also described the divergence between supplement plans for men and women.

“Because women live longer, they need even more money. A women retiring at age 65 in 2009 will need from ,000 to 2,000 in savings to cover insurance premiums and out-of-pocket expenses in retirement for a 50/50 chance of having enough money, and 4,000 to 0,000 for a 90% chance, said the report’s author, Paul Fronstin, an EBRI researcher.”

Due to these striking figures and countless others, many soon-to-be retirees are reconsidering their options. Instead of shifting directly into a life of leisure, many current 50-somethings are beginning to save their money more scrupulously. This shift in priorities has been understandably upsetting to many, but imperative nonetheless.

The current state of Medicare and the overall healthcare system has made selecting the right Medicare supplement plan more important than ever, and by working with the experts at MedicareSupplementShop.com, you can rest assured that you have gotten the best possible value for your healthcare dollar.

Find More Medicare Articles

Question by Melissa: medicare???
on my pay stub, it says “medicare employee” as a tax. does that mean i have health insurance or is that something they just take out of everyones paycheck??

Best answer:

Answer by Asystole
Its the medicare tax – it’s taken out of everyones check

Add your own answer in the comments!

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4 Responses to “What Are The Recent Changes in Healthcare and Medicare?”

  1. prissymama Says:

    no you are paying into medicare as in the medical insurance for ederly, you pay now so when you get old you can use it, everyone pays for it

  2. shiprepairwoman Says:

    We all pay it but you will get some medical benefits after you are 65.

  3. JonFr3 Says:

    It is to take care of the old people now. Keep your fingers crossed then when you are old and retired that there will still be money left. All these baby boomers are going to live forever and use most of the money.

  4. Mr kinger Says:

    http://www.todaysmedicare.com

    We all pay this tax and it is for people age 65 and over ALSO those who have certain disabilities. I hope you won’t need it before you are 65 but if you should become permanantly disabled and meet the qualifications then it is available.

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