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"Do you know why you should help purchase a Medicare Supplement Plan for elderly parents?\nYou are lucky if your parents have enough money squirreled away to take care of themselves – for the most part – during their retirement years. They may have a home that is fully paid for, they are able to take care of their food and daily expenses, and they have Medicare.\nBefore you celebrate think about this: their biggest expense, which is Medicare, doesn’t cover all their medical costs. This is something that many people who are caring for elderly parents don’t realize until it is too late.\nYou Don’t Want Them to Pay Out of Pocket\nWhile Medicare is an excellent program that helps many people, it only pays for a fraction of the cost of medical care, typically about 80%. The rest has to be paid out of pocket. 20% may not seem like a big deal but when you are confronted with it you will realize just how serious it can be. As your parents get older they will need more medical care and may even have to go into hospital for stays. Imagine, for example, that one of them has a hospital bill of $20,000. If Medicare takes care of 80% of that, the rest – $4,000 – will have to come out of pocket. While your parents may have planned for the basic necessities of their retirement, that amount will put a serious dent in their savings and you may find yourself running out of money in a few years.\n........"
<https://medicareonvideo.com/medicare-alphabet/>