Taking a few steps now, while you're still working, to prepare for your health care costs in retirement can give you more choices down the road. Learn about:
- What Medicare does and doesn't pay for
- How to leverage the unique tax advantages of a health savings account
- How a healthy lifestyle and preventive care may help you save money
Today's retirees spend nearly one-third of their income on health care.1 Our panelists offer tips you can use today to get a head start on managing those expenses.
What health care costs can you expect?
Even without a serious illness, cumulative out-of-pocket spending on health care expenses can quickly amount to thousands and put pressure on your retirement income stream.
1 Longer Lives, Changing Life Cycles: Exploring Consumer and Worker Implications, Credit Suisse Economics Research, July 2011.
2 Assumes moderate health. Total health care costs include premiums and out-of-pocket expenses for Part A, Part B, Part D, Medigap, Dental, Vision, Hearing, Source: HealthView Services, January 2014.
This material should be regarded as general information on Healthcare considerations and is not intended to provide specific healthcare advice. If you have questions regarding your particular healthcare situation, please contact your healthcare, legal or tax advisor.