By Dr. David Eifrig
We're running out of money.
Last month, the government released a report crunching the numbers on Medicare and Social Security. The takeaway: Medicare will become insolvent in 2026.
That's just eight years from now... and three years earlier than expected.
Medicare is the largest health insurance program, insuring nearly everyone 65 and older. About 60 million Americans use it for their insurance. Medicare only pays for roughly half of total health costs – most folks have supplemental plans. But about 8% of Medicare participants only have Medicare to help them.
As I always tell my readers: Don't depend on anyone or any agency to take care of you. It's time to take your finances into your own hands.