Healthcare: Necessary but Expensive
Healthcare is one of the biggest expenses in retirement. Medicare is helpful, but it doesn’t cover everything. Vision, dental, hearing aids, and long-term care are often left out—or come with steep out-of-pocket costs.
Consider this: The average 65-year-old couple retiring today can expect to spend more than $300,000 on healthcare in retirement. That’s before factoring in long-term care, which can cost thousands per month.
For seniors living on Social Security alone, these numbers are devastating. Many delay care, skip medications, or go without basic needs just to avoid medical bills.
The takeaway: America’s healthcare system leaves too many gaps for seniors, who are often the people who need it most.
