Retirees, how satisfied are you with the costs and coverage of your Medicare plan?
Retirees face far more health-related issues than active employees needing expensive procedures, equipment, devices, and prescription drugs. And drug therapies can often continue until death.
These may add up rapidly to high costs. Many employers do not want to be burdened with those expenses for the life of someone who is no longer an employee at the organization, let alone pay for costs related to a retired employee’s dependent, spouse, or partner.
Suppose a former employer will not be paying post-retirement health and dental expenses. In that case, many retired employees will be burdened with those often unexpected costs throughout retirement unless they have insurance to help them.
And for retirees who long for travelling to far-off places, many know they cannot afford to be without out-of-country medical coverage, which can be cheap for young and middle-aged employees but often becomes unaffordable expenses for retirees in their golden years.