3 Savvy Medicare Moves That Could Slash Your Healthcare Costs in Retirement
There are certain expenses you might encounter in retirement that are optional, like paying for cable, and those that are non-negotiable, like paying for food. Healthcare falls into the latter category. And unfortunately, it can be more expensive than a lot of retirees bargain for.
Last year, Fidelity projected that the typical 65-year-old would be looking at a whopping $157,500 to cover their healthcare expenses throughout retirement. Reading between the lines, this tells us that people with pre-existing health issues might spend even more on their care. Given that the median retirement savings account balance among Americans aged 65 to 74 is only $200,000, per the Federal Reserve, that paints a pretty scary picture.
The good news, though, is that there are steps you can take to lower your healthcare spending as a retiree. But it all boils down to making smart Medicare moves like these.
Source Fool.com
