Boomers struggle with basic Medicare myths
For a demographic concerned about the future of Medicare, baby boomers sure don't understand the basics of it, according to the eHealth Baby Boomer Survey. When it came to knowing whether four common Medicare myths were true or false, boomers didn't do so well—
Myth #1: Medicare works just like regular health insurance– 40% knew this was false.
Myth #2: Medicare is free– 70% knew this was false.
Myth #3: A person can enroll in Medicare any time after they're 65, without penalty– 23% knew this was false.
Myth #4: Medicare covers everything– 80% knew this was false.
Noah Guillaume, LifeHealthPro.com
Weighed down by mortgage debt…
56% of households in the 55- to 64-year-old age category were still paying on a mortgage (or home equity loan) in 2010, up from 49% in 1990.
Source: National Center for Policy Analysis
56% of households in the 55- to 64-year-old age category were still paying on a mortgage (or home equity loan) in 2010, up from 49% in 1990.
Source: National Center for Policy Analysis
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