Medicare basics

If you have Medicare Coverage, Part A and B, as we have discussed in the past, you need to have additional health insurance coverage. Medicare is basically a 80% - 20% plan. It covers basically 80% of most medical costs, but you are responsible for the other 20%. The 20% that you would owe is unlimited. Your exposure could be a great deal of money. The good news is that there are several very good plans available to you to help you pay for that 20% at very little cost to you. These plans can help you protect your wealth and retirement.