Retirement can be an exciting period of life, but it can also be a stressful one from a financial standpoint. That's because healthcare can become a huge burden for seniors, and the cost of healthcare can easily exceed the amount seniors budget for.

Part of that boils down to certain Medicare misconceptions. Many seniors begin getting coverage through Medicare upon turning 65, which is when eligibility starts. But it's important to understand some of the costs you might be looking at under Medicare. Here are some essential details about the program to commit to memory well before your retirement arrives.

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Source Fool.com