6 Ways Retirees Can Cut Health-Care Costs

With health-care costs rising at an                                                                               alarming rate, the biggest concern for most retirees is whether they’ll be able to afford their medical expenses during their golden years. A recent survey suggests that a major portion of preretirees (ages 55-64) substantially underestimate their health care costs that they will incur in retirement. It’s understandable why this would happen. There are a myriad of expenses to account for like co-payments, deductibles, Medicare Parts B and D and out-of-pocket costs for prescription drugs. This article from Kiplinger details six ways to prepare for and reduce health-care expenses. Continue reading.