Leaving the workforce behind has never been so expensive. Recent surveys put the average cost of retirement at somewhere between $1.5 million and $1.8 million. And if today's seniors are any indication, workers should expect a significant chunk of those savings to go toward healthcare costs.

About 13% of the typical senior household's spending went to medical expenses in 2022, according to the Bureau of Labor Statistics, and for some, this figure could be a lot higher. But the right strategy can help you reduce your out-of-pocket costs and prepare you for the ones you can't avoid.

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Source Fool.com