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Your email address will not be published.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

  • 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
  • Risks, Emergency Fund New Bill Could Send $600 Tariff Rebates to Millions (See If You Qualify!)
  • credit card Medical Debt Relief: States That Act vs. States That Don’t

Related Articles

Social Security checks, money mistakes and retirees buffett

10 Worst States to Live on Just a Social Security Check

9. Florida Cost-of-living index: 100.3 Average one-bedroom rent (January 2022): $1,434 Florida is known for…

Read More →
Work From Home, change 2023

10 New Jobs That Pay You Daily (Anyone Can Do This!)

2. Lyft Recently in the rideshare industry, Lyft runs similarly to Uber. Both companies operate…

Read More →
small business

Great Small Business Ideas For Retirees

Are you thinking of owning a small business? If you always imagined leading your passion…

Read More →
unemployment

7 Clever Ways to Use Unemployment Benefits

What to know about unemployment benefits Job loss can throw us all over the edge,…

Read More →
americans spend

Here’s How Americans Spend Their Family Budget on a 100-Year Span

Are you curious to know how Americans spend their money over the decades? I think…

Read More →
books

10 Personal Finance Books That Will Change Your Perspective

10 Personal Finance Books That Are Life-Changing (or Budget-Changing, for That Matter) Sometimes, when you…

Read More →
money 2023 buffett income social security, home depression

8 Things Smart People Never Do With Their Money

Do you wish you were managing your money better? One way or another, we all…

Read More →
clothes product

Budget Dressing: How to Save Money on Clothes (10 Tips)

…How much money do you spend on clothes every year? Every time you go to…

Read More →
Antique Selling Platform

Top 7 Best Antique Selling Platforms to Get the Most Money

Consider these antique selling platforms to rehome your treasures! Welcome, antique enthusiasts! If you’ve ever…

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.