Even if you are a retired millionaire, there are still several government programs you qualify for regardless of your income level, including Medicare and Social Security.
Social Security benefits are owed regardless of net worth, and millionaires can choose to defer payouts until age 70 for a larger benefit.
Medicare is medical care for everyone, including high-income individuals, but higher earners may face increased premiums due to income adjustments.
Though high-income earners may pay more for Medicare Part B and D, they can still benefit from hospital care covered by Medicare Part A without additional costs if contributions were made.
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