medicare - financial
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Summary of Medicare benefits, rights and protections, and answers to the most frequently asked questions about Medicare. (PDF, 136 pages)
If you're curious about how much care costs, this reference provides national and state averages.
This site offers details on Medicare coverage, plan options, and downloadable forms for claims and appeals.
Are you wondering if a medical expense is covered by Medicare? Use their calculator on medicare.gov to find out.
What You Need To Know About Finances
There are many more questions you’ll be asked, but here is some of the basic information you’ll need to know:
Ultimately, we didn’t have to make the toughest decisions because our dad soon moved into a hospice, which was covered by Medicare. Shortly thereafter, he passed away. We knew all along that his passing was a very real possibility, but we hoped that he would recover, and we needed to plan for it. Doing our research and planning was important, and very scary. But we wanted to make sure that we were keeping all of our options open and that we were ready for anything.
- Is your parents’ home rented or owned?
- If owned, is there a mortgage?
- If there is a mortgage, how much is still owed?
- How much is in the savings account?
- Do they have stocks, bonds, commodities, etc.?
- Do your parents have life insurance?
- Do they own or lease their car?
- What are their monthly expenses?
- What other assets do they have?
Ultimately, we didn’t have to make the toughest decisions because our dad soon moved into a hospice, which was covered by Medicare. Shortly thereafter, he passed away. We knew all along that his passing was a very real possibility, but we hoped that he would recover, and we needed to plan for it. Doing our research and planning was important, and very scary. But we wanted to make sure that we were keeping all of our options open and that we were ready for anything.
Are you wondering if a medical expense is covered by Medicare? Use their calculator on medicare.gov to find out
"Top Ten Things to Know If You're Interested in a Reverse Mortgage" by the U.S. Department of Housing and Urban Development
"How Will the Law Affect Medicare Advantage?" by The New York Times
"How Will the Law Affect Medicare Advantage?" by The New York Times
