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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
July 02, 2002 at 08:00 PM
NU Online News Service, July 2, 3:58 p.m. – Medicare beneficiaries will still have to pay about 70% of the cost of their prescription drugs if the Medicare drug plan recently approved by the U.S. House of Representatives takes effect, according to an expert at Emory University, Atlanta.
If Congress and President Bush approve the plan, it could begin providing prescription coverage for Medicare beneficiaries as early as 2005.
But Kenneth Thorpe, a health policy researcher at Emory, predicts that 12 million Medicare beneficiaries enrolled in the plan would have to pay an average of $2,200 per year for prescription drugs, and 6.8 million would have to pay the House “catastrophic limit” of $3,700 per year.
Some retirees might be surprised if they understood how big the out-of-pocket costs would still be, Thorpe says.
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