Medicare has coverage gaps despite congressional effort to expand it

peak | iStock | Getty Images If Democratic lawmakers get what they want, Medicare will begin covering hearing services for the first time in the program’s history. The coverage, which will take effect in 2023, is included in Democrats’ proposed $1.85 trillion spending bill, called the Building Back Better Act and intended in part to … Read more

1 in 4 older Americans have little saved to cover medical expenses

Andresser | E + | Getty Images For retirees, unplanned medical expenses can tip their budget. In fact, while about 33% of Americans age 65 or older have at least $6,000 set aside for medical bills, 27% have less than $500 in savings for this purpose, according to a survey from MedicareGuide.com. Nearly half (46%) … Read more