What's a Medicare Advantage Plan, and Might You Need One?
As you plan for retirement, if you're not factoring in some estimate of healthcare expenses, you're doing yourself a big disservice. According to an RBC Wealth Management report, "the projected lifetime cost of care for a healthy 65-year-old is $404,253 -- and that doesn't factor in long-term care costs, which could be as high as $100,000 a year."
Jeepers. The Bureau of Labor Statistics has its own scary numbers: A retired couple may spend, on average, between $13,000 and $40,000 annually on healthcare, depending on their ages. Given all that, it's smart to get savvy about how you might keep your healthcare costs under control, and that starts with Medicare.
Image source: Getty Images.
Source Fool.com
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