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
health care healthcare
Photo by Dragana Gordic from Shutterstock

Take care of your health effective immediately

You should prioritize your health now, even if you’re still in power. Think of it as an investment for your future that could save you a ton of healthcare costs. David Edmisten, CFP, and founder of Next Phase Financial Planning, LLC, explained that middle-aged people should be careful with their current state of health, but also with their family medical history.

What if there are some chronic health issues in your family that you should know about? Or what if you’re prone to a couple of health issues that develop later in life? Middle-aged people need to watch out for these things and reconsider their healthcare and lifestyle choices if needed.

Read more about healthy changes in your diet, how to start your own workout routine or even basic wellness information. They might help you later to reduce the healthcare costs you’re worrying about! This is the first frugal tip to remember: if you want to decrease the annual healthcare costs in your golden years, make sure you maximize your healthy lifestyle decisions now!

Healthcare costs vary between 9% and 14% of the median older household’s spending, which is a significant amount of money, especially in retirement, according to Edmisten. Reviewing your current health status, deciding to go for a healthier approach, budgeting for expected health costs, and also thinking of new health coverage options, besides Medicare, might help a lot.

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Your email address will not be published.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.

Latest Posts

  • amazon prime, money Here’s How to Get Your Refund From Amazon’s $2.5B FTC Settlement
  • social security, Social Security task Who Will Receive Social Security Payments on January 14, 21, and 28?
  • Holiday Scam 10 Holiday Tax Scams That Turn Your Ho-Ho-Ho Into Oh-No!
  • 5 Costco Products That Cost More Due to Trump’s Tariffs
  • protect your wallet from inflation 6 Bills That Changed After Trump Returned to Office

Related Articles

budget

How to Create a Budget for Anything in 6 Easy Steps

Creating a budget has never been an easy task, and sometimes it might become a…

Read More →
Utility Bill

High Utility Bills? Here Are 9 Hacks To Solve This Problem!

Are utility bills burning a hole in your pocket? It doesn’t have to cost much…

Read More →
social security financial

7 Financial Rules to Follow if You Move Overseas

Whether you’re deciding to move or even retire overseas, you still need to have your…

Read More →
Social Security

The 4 Worst Ages to Claim Social Security (—and What to Do Instead)

Deciding when it’s the right time to start your Social Security must be one of…

Read More →
Trump presidency tax plans tariff

Millionaires Share 5 Reasons a Trump Presidency Could Boost Your Wealth!

Could a second Trump presidency improve your wealth? Millionaires say yes! As elections are just…

Read More →
cost of living

Top 11 US States Rated by the Cost of Living

Utah One of the few states that still tax social security is Utah. From this…

Read More →
A graph showing the rising cost of groceries, gas, and utilities over time, alongside a relatively flat line representing fixed retirement income.

The Sneaky Ways Inflation is Eroding Your Retirement Savings

The Obvious Culprit: Rising Prices on Everyday Goods The most direct and noticeable way inflation…

Read More →
consumer stocks, reduce credit card depression

7 Consumer Stocks That Do Best During Inflation

According to the US Bureau of Labor Statistics, inflation in the United States reached a…

Read More →
lottery

Still Playing The Lottery? Here Are 10 Reasons to Stop

Why Play the Lottery When You Can Live a Better Life? The temptation of playing…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Explore

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.