• Does Medicare Cover All Your Health Costs in Retirement?

  • Nov 5 2024
  • Length: 28 mins
  • Podcast

Does Medicare Cover All Your Health Costs in Retirement?

  • Summary

  • Many people assume that Medicare will cover most of their health expenses. That misconception leads them to believe that they don't need to worry too much about healthcare costs in retirement.

    A 2022 survey by Fidelity Investments shows just how widespread this belief appears to be. According to the research, many people underestimate health expenses once they qualify for Medicare. The survey found people believed they’ll only require about $41,000 for out-of-pocket expenses over their entire retired life.

    In fact, many people seem to be looking forward to Medicare, hoping they will finally be free from all these premiums and copays. Unfortunately, that's far from the reality.

    Listen to learn about the reality and what to do about it.

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