Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

Here’s How to Cover Your Healthcare Costs in Retirement in Your 50s

October 7, 2022 · Personal Finance
 healthcare
Photo by Ground Picture from Shutterstock

Focus on building non-retirement savings

Even if this tip might not seem to be healthcare related, it is still a good idea to build up non-retirement savings, and to contribute to the chosen retirement accounts, as Corey Noyes, owner and financial advisor with Balanced Capital, agreed.

For example, let’s say you retire at 62 years old, and you have a couple of years you’re obliged to pay for insurance before Medicare starts. However, your plan would be to live off of those savings of yours, right?

Well, if you’re living off a non-retirement account, then the income that you’ve earned throughout a year will be almost zero. When that happens, substantial subsidies for health insurance through the Obamacare exchange program will be triggered.

Pages: 1 2 3 4 5 6 7 8

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

1 comment on “Here’s How to Cover Your Healthcare Costs in Retirement in Your 50s”

  1. danny couch says:
    November 10, 2022 at 7:06 pm

    i believe you are all talk prove me wrong

    Reply
Se încarcă comentarii...

Nu mai există comentarii de afișat.

Search

Latest Posts

  • The Hidden Inflation Categories Hitting Seniors Harder Than Headline CPI
  • An older man looking thoughtfully at his printed Social Security statement at his kitchen table in the morning light. 5 Warning Signs Your Social Security Benefit Estimate Is Wrong
  • Risograph illustration of a person relaxing on a medical cross bench under a large clock, symbolizing part-time hours with health benefits. The Part-Time Jobs That Come With Unexpected Health Insurance
  • An older woman in a cream sweater happily working on a laptop at a rustic wooden dining table in a sunlit home. The Best Platforms for Finding Remote Work After Retirement
  • Watercolor illustration showing a collage of retirement activities: hiking, theater binoculars, and movie tickets. Entertainment Discounts for Retirees: Movies, Museums, and More
  • A smiling retired woman sitting at a sunny kitchen table working on her laptop with a cup of coffee. 15 Online Jobs for Retirees That Pay $20+ Per Hour From Home
  • An older woman sits at a warm, sunlit kitchen table reviewing a printed beneficiary designation document. Financial Advisors Say Retirees Should Check This Document Immediately
  • An older man sitting at a sunlit kitchen table, marking dates on a paper calendar next to a coffee mug. Social Security Updates Taking Effect in July 2026 - What Retirees Should Expect
  • A close-up photograph of a hand in a flannel sleeve pumping gas into a green car at a quiet station during a misty dawn. The Worst Time to Fill Up Your Tank - and the Better Days to Buy Gas
  • A warm, candid photo of a smiling senior woman at a market checkout counter, handing a canvas bag to a cashier in soft morning light. The Best Retail Discounts Available to Seniors

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

garage sale items to avoid

6 Garage Sale Items to Avoid at All Costs!

1. Pots and pans If there is one thing that is plentiful at garage sales,…

Read More →
money mistake 2023 credit card, costly habits

Top 8 Money Mistakes Most People Make

A woman in a green sweater gazes thoughtfully out a window, reflecting on the financial…

Read More →
money mistakes boomers make Social Security

Biggest 2025 Changes to Social Security and Medicare

Retirees should expect to see pretty big shifts in 2025, at least as far as…

Read More →
What about stop-and-go traffic? Can I save some gas by turning off my vehicle?

Seniors: Will You Have to Retake Your Driving Test This Year? What You Should Know About DMV Rules

Glasses rest beside a circled date, highlighting the milestone ages that trigger new senior driving…

Read More →

9 Retirement Communities With Surprisingly Low HOA Fees

9 Active Adult Neighborhoods Where Your Dollar Stretches Further Finding a community that balances desirable…

Read More →
pool

Pool Regret Is Real! 7 Reasons Not to Invest in One

A stressed man sits with his head in his hands, overwhelmed by the mounting costs…

Read More →
jobs that earn a lot

19 Jobs Where You Can Earn Over $150,000

A professional woman works at a bright desk, using a laptop and career map to…

Read More →
tricks grocery stores use tariffs

8 Sneaky Tricks Grocery Stores Use on Shoppers

A shopper reaches for artisanal tomato sauce on a shelf, demonstrating how eye-level placement is…

Read More →
christmas on a budget

Christmas on a Budget: 5 Ways to Keep Your Wallet Jolly

Create festive magic on a budget by decorating homemade gingerbread cookies with simple icing and…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.