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September 13, 2021

Four ways to manage retirement health care costs

  • The right planning, good insurance choices and a healthy understanding of your conditions and coverage will help keep costs as low as possible.
  • By KATE ASHFORD
    NerdWallet

    Health care in retirement is a big-ticket item. Experts estimate that an average 65-year-old retired couple in 2021 would need about $300,000 in after-tax savings earmarked for health care costs in their post-work life, even with Medicare, according to Fidelity.

    The totals are daunting, but you can take steps to keep costs as low as possible with the right planning, good insurance choices and a healthy understanding of your conditions and coverage. Try these strategies — now and in retirement — to help control your health care bills.


     
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