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Idiot's Guides: Medicare by Tanya Feke

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CHAPTER4

Costs of Medicare

In This Chapter

  • How you will pay for Medicare
  • How premiums, deductibles, copays, and coinsurance factor into your costs
  • A breakdown of costs under each part of Medicare
  • Calculating your contribution

Medicare is often referred to as an entitlement program because tax dollars are used to help pay for the government program. However, many people argue that it is not entitlement at all because each person pays into the system with taxes that they could otherwise use for their own health care down the road. Furthermore, Medicare beneficiaries pay a number of other fees and charges in order to access that health coverage. ...

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