Rhode Island’s older population is on the rise, and in 20 years a quarter of the state’s population will be older than 60. All this week, we’re looking at the state’s older residents in a series we’re calling “The Silver Boom: Aging in Rhode Island.” RIPR political analyst Scott MacKay helps us kick off our series with a look at what this growing older population means for younger residents.
A new study in the Journal of General Internal Medicine finds that nearly a quarter of Medicare recipients spend more than their total household assetson out-of-pocket health care costs in the last five years of their lives. That’s in co-payments, home health care, things Medicare doesn’t cover.
Under the health care reform act, many preventive services like diabetes screenings, bone mass measurement, and so-called “Wellness” visits are now available for free (no co-payment) to Medicare recipients. (Medicare is health coverage for people over age 65.