Let’s say you go for your annual physical and your doctor recommends that you get a hearing and balance test. Or an electrocardiogram (EKG). Or a Hepatitis B screening. Does your Original Medicare cover these services? Now there’s a quick way to find out, using your smartphone or tablet. It’s Medicare’s new “What’s Covered” app and it’s free. You can use the app right there in the doctor’s office, hospital, or anywhere else you use your phone or tablet.
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Social Security plays a major role in ensuring the financial well-being of our nation’s retired workforce. The latest survey from national pollster Gallup found that almost 60% of all seniors rely on their Social Security checks to be a “major” contributor of their monthly income, while another 28% expect their benefits check to be a “minor” source of monthly income. That’s nearly nine in 10 retired workers who could be in financial trouble if Social Security weren’t there for them.
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Like every other segment of the American population, seniors are facing tough times when it comes to stretching their savings. There are plenty of ways to reduce senior spending, however. Following are some important money saving tips to help seniors save money and weather the current economy.
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