Seniors on Medicare Who Fall Ill With COVID-19 Could Face Catastrophic Bills
We're seven months into the coronavirus pandemic, and it's clear that the problem isn't going away soon. While all Americans are vulnerable to the effects of COVID-19, seniors are, statistically speaking, more likely to suffer severe symptoms that require treatment or even hospitalization.
It's estimated that there have been more than 1 million COVID-19 cases among Medicare beneficiaries this year, and of those, more than 284,000 required hospitalization. From there, 49% of those stays lasted between one and seven days, while 5% lasted more than 30 days.
But it's not just the physical impact of COVID-19 that Medicare enrollees need to worry about; it's the financial burden as well. While Americans of all ages are entitled to no-cost COVID-19 testing, treatment for those who fall ill is another story. The costs there could be downright devastating for Medicare enrollees on a fixed income.
Source Fool.com
