65 years of age or over? You may want to take a good look at your retirement funds to see if they will cover future health care expenses.
Why would you want to do this? The costs of health care in this country are continuing to get more expensive every year. It’s inevitable, sort of like the sun rising each day. Even if Medicare and Medicaid do have lower premiums when the change in programs comes in 2010, you’ll need more money to make your increased health care costs. Yes, even with lower costs for premiums and lower costs for medications thanks to a new program introduced by Big Pharma that will reduce the cost of drugs for seniors by about 50%, health care costs increase at twice the rate of general inflation.