It's not exactly a secret that healthcare tends to be a huge expense for retirees. But as of 2023, Fidelity estimated that the average 65-year-old could expect to spend $157,500 on healthcare in retirement, even with Medicare coverage.

Meanwhile, according to the Federal Reserve, the typical 65-year-old only has $200,000 in retirement savings. So, it's easy to see why healthcare in retirement has the potential to be such a huge burden.

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Source Fool.com