Seniors on fixed incomes already are feeling the impact of rising inflation. Now, more of them are worried about how it will affect healthcare costs. A survey of 2,500 Medicare beneficiaries by eHealth reveals a growing level of concern among seniors.
The survey by the nationally licensed online health insurance marketplace shows 95 percent of respondents are concerned, with 49 percent “very worried.” Also, 45 percent note they’re already feeling the bite from inflation.
Right now, people can see the impact on over-the-counter medicines and medical supplies. Higher gas prices make trips to and from the doctor’s office more costly as well.
The real worry is how inflation will affect Medicare Part B premiums, insurance co-pays, and deductibles beginning in January. Because Part B premiums are taken out of Social Security checks, recipients will see a bite on any potential cost-of-living adjustment (COLA) for 2023.
Rising drug prices are another concern for seniors who rely on multiple prescriptions to manage various health conditions.
Council of Seniors Knows You Need More Benefits Now
Congress must act soon to help seniors cope with inflation. That’s why Council of Seniors has been pushing hard for the passage of The SAVE Benefits Act. We need this bill to make up for inadequate Social Security cost of living adjustments (COLAs) for a series of years. The amount of $581 was withheld from seniors, and it’s time for it to be returned.
Please take time now to sign our petition. Working together we’ll show Washington politicians the growing support for this bill.
We’d love for you to connect with us on Facebook and Twitter!