Seniors may soon pay more for medical expenses

Senior citizens may be facing a number of new out-of-pocket expenses for healthcare as Congress struggles with debt limit talks and is debating alterations to the supplemental plans for Medicare. The federal health program, Medicare, is meant to support the elderly and disables, though they are responsible for the payment of certain test costs, hospital deductibles, and visits to the doctor. In order to assist themselves with these additional out-of-pocket expenses, many Medicare beneficiaries purchase Medigap plans. Among the beneficiaries, 34 percent receive their Medigap coverage from their former employers.…

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Health insurance survey shows many continue in an uphill battle against medical bills

A recent study found that in 2010 there was around 40% of Americans claiming financial hardship with paying medical bills. In 2005 it was 34%, thus presenting a 6% rise in just 5 years. An easy problem to pick out for increased spending would be the lack of insurance coverage, but Patricia Herman, an economist at the University of Arizona, says that financial ruin caused by an injury or illness may not be prevented by health insurance.  A study was conducted and can be found online in the August issue…

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Medicare is just not enough for senior citizens

With most U.S. senior citizens carrying Medicare the well used system has its pitfalls, leaving many worrying about coverage. Democrats have recently stated that they would not allow the Republicans to cut the funding to Medicare and its beneficiaries. However, even with this possibility, Medicare just is not enough for senior citizens. Supplemental health insurance is given to many senior citizens in order to close the gap and pay less. More often than not, getting health insurance can be rather confusing, as well as expensive. Thankfully, though, there are special…

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