Knowing how Medicare is evolving and which benefits you can rely on will help you focus on whether Original Medicare or a particular Medicare Advantage plan will serve you best. Medical costs are going up every year and there are a number of factors at work; inflation and medical advancements, such as biosimilars, are helping to drive costs up.
According to Fidelity, a 65-year-old retiring in 2024 can expect to spend an average of $165,000 in health care and medical expenses throughout retirement. One way to manage your costs is by selecting the best Medicare policy for you.
While we are about five months away from Medicare open enrollment, the state of Medicare has been
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A recent report published by the Centers for Disease Control and Prevention shows that many older Americans aren’t getting the recommended amount of physical activity.
According to the CDC, if you’re 65 or older, your weekly physical activity should include 150 minutes of moderate-intensity aerobic activity, two or more muscle-strengthening sessions, and balance-improving activities.
Physical activity is important at any age, and especially as we get older. Exercise helps the body heal more quickly and prevent injuries, and also supports mental health and brain function.
One way to make exercising easier is to join a gym, which typically offers most or all of the CDC’s recommended activities.
To become a member of a gym in the U.S., the average monthly cost is $58. That figure can vary widely,
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It’s not exactly a secret that healthcare tends to be a huge expense for retirees. But as of 2023, Fidelity estimated that the average 65-year-old could expect to spend $157,500 on healthcare in retirement, even with Medicare coverage.
Meanwhile, according to the Federal Reserve, the typical 65-year-old only has $200,000 in retirement savings. So, it’s easy to see why healthcare in retirement has the potential to be such a huge burden.
The good news, though, is that there are steps you can take to save money on healthcare as a Medicare enrollee. Here are a few to employ.
New Medicare enrollees get an initial seven-month period to sign up. That period begins three months before the month you turn
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