Many retirees assume Medicare automatically limits their annual healthcare costs, but that’s not entirely true. While Medicare Advantage plans and some drug coverage options include spending caps, Original Medicare does not. That means millions of seniors face potentially unlimited out-of-pocket expenses each year. Yet few realize there are ways to add protection—and even fewer take advantage of them. Here’s the overlooked out-of-pocket cap most Medicare users are missing, and how it could save thousands annually.
