The answer to this question is no. There out-of-pocket expenses that you must pick up yourself for things that are covered, including deductibles, co-payments, and monthly premiums. Plus, there is a very big hole in the coverage: Medicare does not pay for long-term care. In fact, the vast majority of people will need help with their activities of daily living at some point in time.
Topics covered in this report include:
- When will I qualify for Medicare and Social Security?
- Will Medicare cover all of my health care costs when I become eligible?
- Most people never require long-term care, right?
- Would it be difficult to pay out-of-pocket?
- Do I have to resign myself to exhausting my resources paying for long-term care if I ever need it?
- Aside from long-term care, are there other elder law issues that I should know about?