Older Women Worried About Bankruptcy Due to Medical Bills Much More Than Men

Older women are much more concerned about the impact of taking care of their physical health on their financial health, according to a new survey from MedicareGuide.com, an insurance company.

In a survey, more than half of women over 65 (51%) fear that a health problem could lead to Wisconsin Bankruptcy, compared to 40% of men.

The number of older people in both groups who are very or somewhat concerned about their ability to afford health care costs is 61% for women and 52% for men.

Fear of health spending on their budgets led 28 percent of older women to defer medical treatment compared to 24 percent of men.

To pay for health care expenses, nearly a third of women (32%) told the pollster that they had given up on purchases, including food, major purchases and home repairs, compared with nearly one. quarter (23%) of men.

In terms of money saved for health care, 28 percent of women in this age group have over $ 6,000, compared with 41 percent of men, while 21 percent of women have no. savings for medical expenses while only 11 percent of men say they have no money set aside. For this purpose.

Almost a quarter of senior women (24%) told researchers that health insurance was their biggest expense, while insurance was the first for 19% of their male peers.

While 10 percent of female physician reporters bill their highest medical bills, 13 percent of men said patients’ hospital bills were the biggest expense.

Both sexes, however, rated long-term care as their number one expense at 24% for each group.

The survey noted that 22% of senior women consider dentist bills their biggest health expense, compared to 14% of men.

The results are based on a survey of 1,176 people aged 65 and over from September 1 to 16.