Over the last decade, reverse mortgages have been aggressively pitched in TV ads as an easy way for seniors to cash in their home equity to pay for living expenses. However, for many, improper use of the product -- such as pulling all their cash out at one time -- has led to significant financial problems later, including foreclosure.
While Medicare covers a wide array of health care services, it certainly doesn't cover everything. If you need or want certain services that aren't covered, you'll have to pay for them yourself unless you have other insurance or you're in a Medicare Advantage health plan, which may cover some of these services. Here's a rundown of what original Medicare generally does not cover.
About 10 years ago a good friend, who I totally respected and who is publishing a book on his philosophy of living called 'Presence Is Power' (love the title), told me that if I didn't get a computer there was no way I could keep up, understand, or live in this world of electronics. Finally, I gave in.