Many believe that Medicare covers all healthcare expenses. It does not. And, health care expenses are significant enough that they warrant special attention as people transition into retirement.
First, health care expenses are a large dollar amount.
Second, they may come as a surprise because many people are not used to paying for health care expenses till they have to. Therefore having an explicit plan is useful.
Third, is the challenge of choosing the correct Medicare coverage. There are so many choices and options that many use a Medicare consultant to sift through their options.
Smart planning for health care in retirement. Some thoughts:
1. Obtain the correct Medicare plan that best suits your needs.
2. Take advantage of a Health Savings Account if you are eligible for it.
3. Plan for long-term care (Medicare does not generally cover it).
4. Take care of your health as carefully as you can. Most important!
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