What Medicare doesn’t pay for becomes hefty debt for millions of seniors
From Yahoo Finance: 2025-05-31 10:30:00
Connie Morton’s husband passed away due to complications from Parkinson’s disease after 18 years of living with the condition. The couple faced medical bills not covered by Medicare, totaling around $90,000. A KFF study reveals that one in 10 seniors with healthcare debt owe $10,000 or more. The debt is often from routine healthcare services and long-term care not covered by Medicare. A new survey shows that adults 50 and older borrowed an average of $3,000 to pay for healthcare. To avoid medical debt, plan for healthcare expenses, scrutinize medical bills, and consider tapping retirement accounts if necessary.
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