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Your email address will not be published.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

  • 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
  • Amazon Are You Eligible For a Refund From Amazon? Find Out Here!
  • social security, income 7 Social Security Benefits That Will Change SOON

Related Articles

A photograph depicting a senior couple happily relaxing together, symbolizing financial security in retirement.

Your Complete Guide to 2025 Social Security Spousal Benefits

Are You Eligible? Key Requirements for Spousal Benefits Now that we have a basic understanding…

Read More →
Donald Trump Money Secrets tax plans tariff

12 Money Secrets from Donald Trump

What Are Donald Trump’s Secrets to Financial Success? Key Lessons from His Book ‘How to…

Read More →
celebrities

These 12 Celebrities Couldn’t Afford It Anymore

These Celebrities Went Bankrupt! So I guess it’s not that far-fetched to say that even…

Read More →
work

Here Are 10 Places Where You Can Work in Retirement

Where Can You Work in Retirement? So many people keep working in retirement just because…

Read More →
A person sits at a desk reviewing financial documents in a sunlit room.

Financial Wellness After 50: A Holistic Approach to Your Money

The Core Pillars of Your Financial House To build a strong and lasting financial future,…

Read More →
money hacks

10 Money Hacks To Thrive Financially in 2025

Save Smarter, Not Harder: Easy Money Hacks for Your Best Year Yet! We all live…

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 →
credit card scams social security

10 Ways to Pay Off Credit Card Debt

3. Transfer Balances to a 0% APR Credit Card A balance transfer card allows you…

Read More →
Make Money While You Sleep

15 Ways to Make Money While You Sleep

Can You Imagine Waking Up and Finding a Chunk of Money in Your Bank Account?…

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

© 2025 The Money Place. All rights reserved.