Preparing For Medical Expenses In Retirement

On the 26th episode of the Retirement Explained show, I’m talking about how to prepare for your medical expenses during retirement.

Did you know that the average medical costs for a couple in retirement are nearly $300,000 throughout their life; It’s on average the largest expense most people encounter during retirement and I think it’s one of the least discussed aspects of retirement planning.

In today’s episode I touch on Medicare and understanding some of the costs of healthcare in retirement, including Medigap insurance. I also discuss what a Health Savings Account is and how it can come in handy for dealing with healthcare costs in retirement, and I spend some time on the importance of contesting the high-income surcharge on your Medicare Part B, a very underdiscussed item that most of us deal with.

-Brian