4 Ways You Can Reduce Your Health Care Costs During Retirement

health care costs during retirement

health care costs during retirement

Health care in the United States can be outrageously expensive, even for people with insurance coverage. A single medical event can often drive families into bankruptcy, and that can be scary. It’s even scarier once you stop working, as health care costs tend to rise with your age. And according to a 2018 survey, 30% of all workers reported that they were “not too” or “not at all” confident they would have enough money to pay for their health care costs during retirement.

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Avoid Future Complications By Having a Detailed Will of Your Own

detailed willA New York man pleaded guilty last month to mail fraud and some other heinous acts. According to Newsday, John Derounian, 53, forged a dead woman’s will, had her cremated, and transferred almost all of her assets, about $1.2 million, into his personal account.

The U.S. Attorney for the Eastern District also noted that Derounian additionally pleaded guilty to possession of child pornography — he now faces up to 20 years in prison on each count.

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