Retirees Not Aware of Vision Care Benefits on Medicare

A number of middle-income retirees misundertand the coverage and costs associated with Medicare programs, according to the latest findings released by the Bankers Life and Casualty Company Center for a Secure Retirement(SM) (CSR). The study, Retirement Healthcare for Middle-Income Americans, which focused on 400 pre-Medicare Boomers (age 47 to 64) and 400 older adults (age 65 to 75) with an annual household income of between $25,000 and $75,000, found that one in three Medicare enrollees still did not know how much the program covers for doctor's visits (33 percent) or hospitalization (31 percent), which are the basic components of the program's health benefits. The CSR study also found nearly half (49 percent) do not understand their benefits for vision care and hearing care, both which are services typically not covered by Medicare. Read more.