One of the biggest expenses you might encounter as a retiree is healthcare. As you age, health issues may be more likely to arise. That could, at the very least, lead to an uptick in diagnostics that you're required to help pay for.

But if you're a Medicare enrollee, you'll be thrown a bone when it comes to paying for coverage under Part A, which encompasses hospital care. That's because most Medicare members aren't charged a monthly premium for Part A the way they are for Part B, which covers outpatient care.

That doesn't mean that all your hospital care under Medicare is free, though. And if you buy into that misconception, it could end up hurting your retirement finances in a really big way.

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Source Fool.com