86% of U.S. Adults Worry About Rising Healthcare Costs in Retirement. This Account Could Help You Better Cope With Them.
Once you retire, you may find that some of your expenses don't cost you as much. You might spend less on transportation, for example, in the absence of having to commute to work five days a week. And you might also spend less on food if you have more time to cook and don't have to fall back on takeout due to a busy job schedule.
But if there's one expense that tends to increase for seniors in retirement rather than decrease, it's healthcare. And that's due to a combination of factors -- namely, the tendency for medical issues to arise with age, and also the many costs seniors commonly face as Medicare enrollees.
If you're worried about paying for healthcare as a senior, you're not alone. A recent survey by the American Society of Pension Professionals & Actuaries found that 86% of respondents are concerned about rising medical costs in retirement. But there's one account you can fund during your working years that could make your healthcare costs more manageable down the line.
Source Fool.com
