Categorized | Technology

Why Medicaid matters to anyone with aging relatives

pThe National Institute on Retirement Security concluded that American households had a median retirement savings account balance of just a href=””$2,500/a, and the median for those nearing retirement was a mere a href=””$14,500/a. Such meager savings make it extremely difficult for retirees to cover their out-of-pocket medical costs for co-pays, deductibles, and noncovered items such as hearing aids, which often reach a href=””several thousands of dollars per year/a. A prolonged period of long-term care on top of these costs is certainly not in most people‚Äôs budgets./p

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