Jun 08, 2016 - 08:25 AM
Jun 08, 2016 - 11:31 AM
Medicare Part B typically pays 80% of an enrolled senior's medical expenses after the $166 annual Part B deductible has been satisfied. The patient is responsible for the remaining 20% of the bill. Medicare supplemental insurance will pay various portions of the remaining 20% depending on which plan you are on. If your father were to were to run up any serious medical bills then the 20% for which he is responsible could easily be thousands, or tens of thousands, of dollars. I recommend that all seniors on Medicare have either supplemental insurance or a Medicare Advantage plan to protect themselves from the likely possibility of high out of pocket medical expenses.