Misunderstanding What Medicare And Social Security Does And Doesn't Pay For!

We see it all the time.

One spouse telling us how shocked they were that the $4,000 a month nursing home expense for their very ill spouse, isn't covered by Medicare or Social Security.

"But I thought Medicare covered medical expenses!", .they exclaim.

The Government Is Not Going To Take Care Of You!

Yes, Medicare does cover medical expenses. But, it only covers certain ones, and only after you have paid a deductible!

Many, many medical expenses aren't covered by Medicare, and are usually picked up by a Medicare Supplement policy, or out of your pocket.

But, those supplements still don't cover extended nursing home care. Not a penny. Zilch. Nada. Zero.

Here again, we have an un-planned for situation that can literally wipe out a family's retirement nest egg, that nine out of ten retirees don't have any clue about!

Warning! (By the way, did you know that in order to qualify for state support from Medicaid, you literally have to spend your net worth almost down to zero first? You have to clean out all of your estate, assets, investments, and so forth until you are worth under $2,000! It's only when you're nearly flat broke that Medicaid kicks in to help you! This is not a solution that we recommend you implement!)

Don't make the mistake of thinking that Medicare or Social Security are going to take care of you. They don't!

Sure, they cover many things, but there are still huge, gigantic gaps that if you don't plan for yourself ahead of time, you'll never have them taken care of!

You must know what the government does help you with, and what they don't help you with!

And, you must have a plan to address the almost unknown areas that could cause your family some real problems! Don't wait until you've been completely wiped out before you figure them out!

For information to make smarter choices before you or your parents are forced into a position that there is no way out of.

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11 Biggest Retirement Mistakes Many Retirees May Make.