Sarah spends 31% of her income on premiums & prescriptions! If she was under 65, she would spend just 2.9% of her income on healthcare. Why at the age of 91 is Sarah paying 10 times that?
Now at the age of 70, John has a monthly income of $1,633/mo and spends $430 on healthcare premiums alone. Medicare Savings Programs could reduce John’s monthly premiums by more than $300 per month!
Marie’s monthly income is $1,714.50 a month. She then must pay $440.55 for Medicare premiums and another $50 for prescriptions. That comes out to over 25% of her income on healthcare costs. Medicare Savings Programs could save Marie nearly $400 per month!
After all her bills, she only has $230 in expendable income now, and she cannot imagine how she will make ends meet if her medical costs go up. Medicare Savings Programs could save Mary more than $350 per month once she turns 65!
