_:nc64b99be2ebf4694a1a3bb8cfff5b54exb0
<http://schema.org/description>
"Senior bankruptcy is an emotional word for most people over 65 who struggle financially. It’s a last resort. There is, traditionally, something shameful in it. But, bankruptcy is occurring more and more frequently with people over 65. In years past, people were often driven to filing because of credit card debt or unpaid mortgages. Now, the No. 1 reason is unpaid medical bills.\nCompared with 1991, the number of people over 65 filing for bankruptcy last year increased by a factor of three. In 1991, seniors were 2 percent of the total number of people who filed. Last year, their share jumped to 12 percent.\nSince 1991, the economic challenges of paying for out-of-pocket Medicare costs has shifted from the government to individuals. While Medicare pays for doctor and hospital services, it’s the gaps in coverage that are causing the problem. Co-pays and deductibles and cost of medication, in other words.\n"
<https://medicareonvideo.com/medicare-alphabet/>