Tips for navigating the basics of Medicare

If you think you only need to save enough money for retirement, think again.

While you’re doing everything you can now to be a healthy retiree, you’re still going to have the expected – and the unexpected – medical costs.

In fact, a 65-year-old couple who retired in 2022 will spend an average of $315,000 on health care and medical expenses in retirement, which is 5% higher than what was estimated the previous year.1

Whatever the costs, it’s not going to be an inexpensive undertaking to pay for Medicare, which is your primary health care insurance during your retirement years. Here are some tips on how to include Medicare in your retirement planning.

The ABCs of Medicare

First off, know what Medicare’s different letters mean:


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