Self Improvement - Health Care

It's clear that pre-retirees have a lot of other financial priorities; however, it's important to start thinking about planning for retirement needs now because planning ahead protects your family's resources from what can be considerable health care costs.

Self Improvment and Healthcare Services for Seniors and Retirees

One of the best steps you can take to protect and secure your financial future is to plan for your health and well being. While both pre-retirees and retirees agree that "good health" is most important to them in retirement, nearly 40 percent have spent less than one hour in the past year planning for health benefits in retirement.

Although most pre-retirees focus on the financial aspects of retirement planning, researching and understanding health benefits options seem to be left out of the equation. But, planning for retirement is not just about finances; it involves everything from reevaluating your daily routine and budget, to your health care options — long term care and life insurance.

Eighty percent or more of pre-retirees and retirees expect to pay for prescription drugs and doctor's visits in retirement. Twenty-nine percent even anticipate costs related to alternative medicine and five percent plan for cosmetic surgery, a snapshot of consumers' health care preferences today.
However, 52 percent of those surveyed expect to spend less than $300 a month on out-of-pocket costs and health care-related expenses during retirement — less than half of the $640 a month the average retiree actually spends for checkups.

Now is the time to start planning and learning all about your health benefits and financial needs for retirement. Planning now will serve you well in the future. After all, your goal is for a long and happy, healthy retirement — exactly what you've always dreamed of.

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