You are using an older browser version. Please use a supported version for the best MSN experience.

Medicare Will Not Cover These 6 Medical Costs

Money Talks News Logo By Karla Bowsher of Money Talks News | Slide 1 of 7: Turning 65 brings access to senior discounts galore, but there is no benefit of senior citizenship quite like Medicare. The federal program extends subsidized health insurance primarily to folks age 65 and older. But, while Medicare coverage comes with numerous freebies, it is hardly free. Medicare beneficiaries pay into the system via taxes withheld from their pay during their working years. Additionally, Medicare coverage is not all-inclusive: Beneficiaries must cover all or part of certain medical expenses. If you are already on Medicare, you already know that — perhaps painfully well. But the costs associated with coverage can come as a surprise to folks who have yet to sign up for Medicare. So, here’s a look at some of the most expensive, most common and most surprising health care costs that Medicare does not cover. First, though, note that your out-of-pocket costs under Medicare will vary depending on your coverage type. When enrolling in Medicare, you’ll choose between two main types of Medicare: Original Medicare (aka traditional Medicare), which is offered directly by the federal government’s Medicare program Medicare Advantage plans (aka Medicare Part C plans), which are offered by private insurers that are approved by the Medicare program  Medicare Advantage plans must cover all the same services that Original Medicare covers. Some Medicare Advantage plans cover other expenses, too. So, as you read on, remember that some of the following costs may not apply with certain Medicare Advantage plans. It’s not the usual blah, blah, blah. Click here to sign up for our free newsletter. Sponsored: Find the right financial adviser Finding a financial adviser you can trust doesn’t have to be hard. A great place to start is with SmartAsset’s free financial adviser matching tool, which connects you with up to three qualified financial advisers in five minutes. Each adviser is vetted by SmartAsset and is legally required to act in your best interests. If you’re ready to be matched with local advisers who will help you reach your financial goals, get started now.

Medicare Will Not Cover These 6 Medical Costs

Turning 65 brings access to senior discounts galore, but there is no benefit of senior citizenship quite like Medicare.

The federal program extends subsidized health insurance primarily to folks age 65 and older. But, while Medicare coverage comes with numerous freebies, it is hardly free.

Medicare beneficiaries pay into the system via taxes withheld from their pay during their working years. Additionally, Medicare coverage is not all-inclusive: Beneficiaries must cover all or part of certain medical expenses.

If you are already on Medicare, you already know that — perhaps painfully well. But the costs associated with coverage can come as a surprise to folks who have yet to sign up for Medicare.

So, here’s a look at some of the most expensive, most common and most surprising health care costs that Medicare does not cover.

First, though, note that your out-of-pocket costs under Medicare will vary depending on your coverage type. When enrolling in Medicare, you’ll choose between two main types of Medicare:

  • Original Medicare (aka traditional Medicare), which is offered directly by the federal government’s Medicare program
  • Medicare Advantage plans (aka Medicare Part C plans), which are offered by private insurers that are approved by the Medicare program

Medicare Advantage plans must cover all the same services that Original Medicare covers. Some Medicare Advantage plans cover other expenses, too. So, as you read on, remember that some of the following costs may not apply with certain Medicare Advantage plans.

It’s not the usual blah, blah, blah. Click here to sign up for our free newsletter.

Sponsored: Find the right financial adviser

Finding a financial adviser you can trust doesn’t have to be hard. A great place to start is with SmartAsset’s free financial adviser matching tool, which connects you with up to three qualified financial advisers in five minutes. Each adviser is vetted by SmartAsset and is legally required to act in your best interests.

If you’re ready to be matched with local advisers who will help you reach your financial goals, get started now.

© didesign021 / Shutterstock.com

More from Money Talks News

Money Talks News
Money Talks News
AdChoices
image beaconimage beaconimage beacon