I'm on Medicare but recently declared bankruptcy due to medical bills. How will this affect my coverage and options going forward?
Answered by 4 licensed agents
You may have to file an appeal for your cost of Part B with SSA. You may now be eligible for MediCaid. You may be elgible for Medi-Medi plans if you are approved for MediCaid. Best option is to consult a dedicated Medicare Agent that will understand your needs and can guide you through the process.
Answered by Maureen McKenna on April 3, 2025
Agent Licensed in CA, AZ, CO & 17 other states
While bankruptcy can be a challenging experience, it shouldn't directly affect your Medicare coverage. Medicare is a federal program, and being on Medicare isn't contingent on your financial situation, including bankruptcy.
Answered by Calvin Fritz on April 8, 2025
Broker Licensed in MO, AL, AR & 22 other states
Unfortunately, this is a reality. Having a "Zero Cost" Medicare Advantage plan gives a Medicare recipient a false sense of security in some cases. Too many people don't plan for that 5 day $325/ day hospital stay with a bunch of tests while in the hospital, putting them in a tough financial situation. I always want to know if a Medicare recipient has planned for a bill similar to the scenario listed above. A discussion about the possibility of adding another plan to cover these bills may be necessary.
Answered by Dan Green on April 8, 2025
Broker Licensed in NC
There is no affect, Medicare is guaranteed issue coverage do long as you have original Medicare Parts A and B and live in the area you are seeking coverage in.
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Advice for Seniors
Coverage
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