1 in 7 Medicare Enrollees Had to Return to Work to Cover Healthcare Costs
Millions of seniors rely on Medicare for health coverage during retirement. But one major myth surrounding the program is that it's free, or at least inexpensive.
Not so. Between premiums, deductibles, and copays, coverage under Medicare can constitute a major strain on seniors' budgets. And when we throw in the fact that original Medicare doesn't cover a number of key healthcare services like dental care, eye exams, and hearing aids, it's easy to see why so many seniors buckle under the weight of healthcare bills -- especially those who get the bulk of their income from Social Security.
It's not surprising, then, to learn that many seniors have been forced back to work for the express reason of needing money to cover medical bills. In fact, one in seven has taken either a part-time or full-time job to scrounge up the money to pay for healthcare, according to a recent survey by MedicarePlans.com. And for many -- especially those who were forced to return to full-time work -- that's far from ideal.
Source Fool.com