Proper medical treatment is important for our seniors to live healthy productive lives, even in retirement. Medicare was created to help fulfill the needs of the people and ensure that money, or lack there of, doesn’t prevent them from getting the care that they need. Most elderly persons of limited means will find it is important for Medicare to be primary so that there retirement funds are spent entirely on health care. While supplemental plans are helpful, they can be costly alternatives as well if used extensively.
Most people find that they have a limited income source when they are in retirement. Even if you have a 401k or other type of retirement savings, the expenses of living can eat away that money rather quickly. If you don’t have proper medical coverage and apply for Medicare you may be needlessly throwing away your much needed retirement funds. That is why it is important for Medicare to be primary insurance if you qualify for coverage. Even if you don’t have complete or full coverage, Medicare will certainly help save you some money.
While it truly is important for Medicare to be primary in your coverage needs, you may find that getting supplemental insurance helps to reduce overall costs as well. It is a good idea to start looking for this type of insurance as soon as you find out what type and amount of coverage you will receive from Medicare. Utilizing all your options and having Medicare be primary will help you to keep the funds you earned and need for retirement and live comfortably in old age.