Craig Wear, CFP®Craig Wear, CFP® | Expert in Roth Conversions & Tax-Efficient Retirement Strategies for IRA Millionaires

Why Choosing Medicare Coverage Is Still Worthwhile

30 Apr 2024 · 0 min

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Short excerpt from a YouTube video by Craig Wear, CFP® arguing that Medicare coverage remains worthwhile because Medicare typically covers diagnostic tests (e.g., LabCorp tests, MRIs) even when individual doctors do not accept Medicare. The speaker recommends keeping Medicare for coverage of commonly run tests.

Even though doctors don't take Medicare, all of those tests that you're referring to through, say, a LabCorp or the MRIS or whatever else that they're doing. Yeah, those are usually covered by Medicare. Okay, so even people who have doctors who don't. Who don't take Medicare. I think it's still worthwhile to have Medicare coverage for many reasons, especially for those tests that we tend to run.