Usually people are unprepared when health expenses come up during their retirement and healthcare costs have doubled over the past decade. Having a plan can help aid you for those future unexpected healthcare costs that you might encounter during your retirement. You will also want to factor in long term care expenses. 70% of all seniors will need long term care at some point.
The majority of seniors find that they will need health care sooner than later and most are often forced to retire early due to their health complications. Without being able to work in order to afford healthcare costs, you could leave yourself stranded without a proper retirement plan in place.
There are 2 ways to plan ahead for healthcare costs during your retirement. One way is by using long term care insurance. This type of insurance will cover for nursing homes, caregivers and assisted living facilities. The other way is to take advantage of Medicare which is not available until you are 65 years old. If you choose this way, then its best to push off retirement until you are 65.
The moral of the story is to stay in shape, have a good diet and exercise regularly. This will help with healthcare costs. Stay proactive.