Jun
25
2008
Medicare Misconceptions
Author: Byron UdellA lot of seniors have the idea that Medicare would cover their long term care expenses. That actually isn’t the case. In fact, Medicare does not pay for long term care and people may want to consider private insurance.
So what does Social Security and Medicare pay for? Medicare, a separate program run by the Centers for Medicare & Medicaid Services, helps pay for inpatient hospital care, nursing care, doctors’ fees, drugs and other medical services and supplies to people age 65 and older, as well as to people who have been receiving Social Security disability benefits for two years or more.
