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Ah, retirement.
Youve got everything down perfectly.
Or so you think until you hit a random chunk of debris in the water.
Even the savviest planner can find their retirement plans run aground by a sudden expense related to Medicare.
No matter how well youve charted your course, unforeseen costs can ram you right off of it.
So what do you do?
Out-of-Pocket Expenses
Of course, youre gratified to know that Medicare covers a lot.
But it doesnt cover everything.
So how do you plan to pay out of pocket?
you could use Medigap to cover the gap.
Given how common this experience is among retired people, you might think that Medicare covers it completely.
However, youd be wrong.
If youre encountering financial hardship when long-term care becomes necessary, you could also look into your Medicaid eligibility.
Ditto for the audiologist.
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