Retirement - Links
Medicare provides medical expense coverage to people 65 and older. The program is comprised of two major parts: Hospital Insurance (part A) and Supplementary Medical Insurance (part B). Medicare part A has no premium and pays 100% of hospital costs for the first 60 days after you have paid a deductible of about $720. Medicare part B pays up to 80% of your doctor bills for a
monthly premium of about $78. The costs you pay, like coinsurance, co-payments, and deductibles are known as "gaps" and you can cover these gaps by buying a Medigap policy.
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