Can I Rely on Medicare Once I Retire?
May 31st, 2009 by admin
This is a question that probably a large number of people are asking themselves right now. The new numbers were just released, and everybody knows that Medicare and Social Security are not going to be around in the future. It is highly likely that a quick fix will be released soon. This may be a tax increase, which might be okay. Or, it might also be a benefit cut. That would ruin the plans of many.The best way to deal with this situation would be to buy a Medicare surety bond. Surety bonds are essentially insurance on your Medicare benefits. You pay a percentage of what you are insured for each month, and if you ever lose your benefits, the insurance company will cover them. You can buy bonds for just about anything, so if you only wish to insure against having your benefits cut, you won’t have to buy a bond that will cover you in the case of Medicare being canceled altogether due to underfunding.