Are you prepared to cover the cost of retiree healthcare? Many Americans aren't. According to Fidelity Investments’ projections, a 65-year-old couple retiring now would require $220,000 in today’s dollars to cover their health-care needs in retirement. Because of the considerable cost, it’s important that Americans approaching the retirement milestone understand what their options are.
Medicare Part A
If you are currently enrolled in Medicare, the status quo can be your worst enemy.
About 95% of Medicare beneficiaries stick with the coverage that they already have. This, however, is not a smart approach because the prices and offerings can change annually.