Turning 65 means a lot for Americans’ wallets, health spending study finds

I didn't have medical insurance most of the time for 20 years before I was eligible for Medicare.

 

https://www.eurekalert.org/news-releases/928306

 

  News Release 13-Sep-2021
Out-of-pocket costs drop sharply after Medicare eligibility at age 65, especially for those with the highest bills
Peer-Reviewed Publication
Michigan Medicine - University of Michigan

 

Lowering the age when older adults can enroll in Medicare might save them a lot of money, even if the age drops only a year or two from the current age of 65, a new study suggests.

Such a change, currently being discussed in Washington, D.C., could especially affect the small percentage of people in their early 60s who spend a major chunk of their disposable income on health costs, according to the new University of Michigan research published in JAMA Health Forum.

 

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