How Much Will Healthcare Cost in Retirement? The Answer May Shock You.
Retirees commonly expect their living costs to go down once they're no longer working, but many seniors are shocked to discover that retirement is a more expensive prospect than anticipated. And a big part of the reason boils down to healthcare.
Healthcare is the one expense that tends to rise for seniors, and there are a few reasons for that. First, Medicare often leaves retirees with gaps in coverage, not to mention hefty premiums, deductibles, and coinsurance. Also, health issues tend to arise as people age, and more vigilant monitoring is generally needed. All told, healthcare can be a true burden -- the extent of which may come as a shock to some retirees.
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Source Fool.com
