“Misconceptions About Health Costs When You’re Older” – The New York Times

“End-of-life spending may seem wasteful, but it turns out it’s hard to predict when someone will die.”

end-of-life medical costsTraditional Medicare has substantial gaps, leaving Americans on the hook for a lot more than they might expect.” Credit: Pablo Martinez Monsivais/Associated Press

by Austin Frakt

“Some significant expenses decline as we age: Most mortgages are eventually paid off, and ideally children grow up and become self-supporting.

“But health care is one area in which costs are almost certain to rise. After all, one of the original justifications for Medicare — which kicks in at age 65 — is that older people have much higher health care needs and expenses.

“But there are a few common misunderstandings about health costs when people are older, including the idea that money can easily be saved by reducing wasteful end-of-life spending.

Click here to continue reading this article at The New York Times.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: