If you’re 65 years of age or over, you might need to seriously re-evaluate your retirement funds to see if they will cover future health care expenses.<\/p>\n
It’s a no brainer that the costs of health care in this country are going to continue to increase. It’s inevitable. So, what that means is even if Medicare<\/a> and Medicaid do have lower premiums when the change in programs comes in 2010, you’ll need more money to make your increased health care costs at some point in time. Traditionally, health care costs have shot up at twice the rate of general inflation.<\/p>\n While this may seem right off the wall, it actually isn’t given the current state of the economy and the rising costs of getting medical services. If you retire this year you may need up to $378,000 in savings just to meet the demands of your insurance premiums and out-of-pocket expenses. Quite eye (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" If you’re 65 years of age or over, you might need to seriously re-evaluate your retirement funds to see if they will cover future health care expenses. It’s a no brainer that the costs of health care in this country…<\/span><\/p>\n