3 Things Too Many Seniors Don't Know About Medicare
Millions of seniors get health coverage through Medicare, but there's a lot of misinformation about the program, and buying into it could really hurt you financially once you retire. Here are a few Medicare facts many seniors aren't aware of until it's too late.
Many people are of the impression that once they sign up for Medicare, they won't pay a dime for healthcare. But that's so far from true it's scary.
While Medicare Part A, which covers hospital care, is generally free for enrollees, Part B, which covers outpatient care, is not. Right now, the standard monthly Part B premium is $144.60, but higher earners on Medicare pay even more for Part B. Meanwhile, if you sign up for original Medicare, you'll need a Part D drug plan to go along with it, and that plan, too, will charge a premium.
Source Fool.com