Medicare Gap Portfolio: JNJ, PG, PEP, VZ Stocks to Cover Costs
Medicare covers basic healthcare but leaves out dental, vision, and hearing expenses. 24/7 Wall St. suggests a portfolio of four dividend stocks (JNJ, PG, PEP, VZ) to generate extra income to cover these costs.
According to a report from 24/7 Wall St., Medicare covers essential healthcare for seniors but leaves significant expenses like dental, vision, and hearing uncovered. These costs, including dentures, eyeglasses, and hearing aids, can be substantial and impact quality of life.
The Medicare Gap
Medicare does not cover most routine dental procedures such as cleanings, fillings, or dentures. Vision exams and eyeglasses are also excluded, as are hearing aids and cochlear implants. These services are crucial for maintaining appearance, confidence, and communication.
The Proposed Portfolio
To generate additional income to cover these expenses, 24/7 Wall St. proposes a portfolio of four dividend stocks:
- Johnson & Johnson (JNJ): A diversified healthcare company with a long history of stable dividends.
- Procter & Gamble (PG): A consumer staples company with strong dividend payouts.
- PepsiCo (PEP): A global beverage and snack company with robust cash flow.
- Verizon (VZ): A telecommunications company with a high dividend yield.
What This Means for Investors
This portfolio aims to provide regular income that can be used to cover uncovered medical expenses. Investors seeking steady income with moderate risk may find these stocks attractive. However, performance depends on market and sector conditions.
Frequently Asked Questions
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