Making Sense of Medicare
MAKING SENSE OF MEDICARE
Health care will likely be one of the biggest retirment expenses... around $220,000 for the average 65 year old couple over a 20 year retirement. Yet many people nearing retirment don't understand the risks health care costs pose to their finanical plan and aren't prepared. Some may be planning for Medicare or private insurance to pay for these costs, but they'll likely pay a significant portion out of their own pocket. That can have a big impact on the standard of living in retirment. Add to this challenge the rising cost of health care and the possibility of needing long term care and it become clear that planning for health care costs is important for achieving financial security in retirement.
Topics covered include
- Planning ahead for the possibility of long term care
- Health Care expenses in retirement
- Medicare ABC's (and D's too)
- Covering the gaps and supplementing Medicare benefits
- How inflation might affect health care costs
