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.
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.