by Dorothy Philbin | CNBNews Contributor
There are only a few days left before those of us who are over 65 or disabled can change Medicare coverage plans. This is a very difficult decision. There are many health insurance companies
who will provide coverage, usually better than the government’s, but at a premium. The government’s plan leaves a lot to be desired. To start, let’s look at what Medicare does not cover.1
1. Medical needs incurred outside the United States. If you plan to travel and you have kept the government’s plan, make sure to buy travel insurance. Although it can be a big help it doesn’t always solve your problems. Twice a friend was in Mexico and was hurt. They went to the hospital and was told that it would cost $8,000 just to have an ER doctor look at her. Her husband said that they had travel insurance but that didn’t solve the problem. Until the hospital actually received the $8,000 they put it on my friend’s credit card. How many people have an $8,000 line of credit on their credit cards? Investigate the laws where you plan to go.
Continue reading “THE STORY BEHIND THE STORY (Chapter III):Medicare Coverage Plans”