Tag: Medicare

Medicare

Most retirees manage to get by on less than they earned as workers. Yet they devote a much larger percentage of their income to medical care than working people. To limit their annual spending on care, retirees usually buy some type of insurance policy to help pay the bills Medicare does not cover. But a…

People in a nursing home

About 13 percent of the older people in a recent study – average age 74 – who were initially living independently moved into a nursing home within five years. Perhaps because they know their vulnerabilities, their expectations of whether they would one day need nursing home care helped predict their actual nursing home use, t…