Rhodri is planning for retirement. He saved a substantial amount of money throughout his life, but he still worries about healthcare costs. Which government program can Rhodri opt into to help him with his rising healthcare costs as he ages?

Question

Quizplus · Accepted Answer

Medicare is a government-funded health insurance program for those over 65 and certain individuals with disabilities. It can help cover the rising healthcare costs that Rhodri may face in retirement. Medicaid is typically for those with low incomes and may not be applicable to Rhodri if he has saved a substantial amount of money. Patchwork and single-payer systems are not government programs specifically designed to help with rising healthcare costs in retirement.

Rhodri Is Planning for Retirement