N🟁N

Planning for healthcare in retirement: what you need to know

The article from MSN discusses the critical aspects of planning for healthcare in retirement. It emphasizes the importance of understanding and preparing for healthcare costs, which can be substantial and often underestimated. Key points include the necessity of Medicare, which covers many but not all healthcare expenses, leaving gaps that retirees need to plan for. The article advises on the importance of supplemental insurance like Medigap or Medicare Advantage plans to cover what Medicare does not. It also highlights the need for long-term care insurance, as traditional health insurance and Medicare do not cover extended nursing home or in-home care. Additionally, the piece suggests considering health savings accounts (HSAs) for tax-advantaged savings, and stresses the importance of budgeting for out-of-pocket expenses, potential increases in premiums, and the possibility of needing care in later years. The overarching message is to start planning early, understand your options, and prepare financially to ensure a secure and comfortable retirement.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/health/senior-health/planning-for-healthcare-in-retirement-what-you-need-to-know/ar-AA1A4srZ ]