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How to manage health care costs in retirement

Posted at 2:21 PM, Apr 18, 2018
and last updated 2018-04-18 15:21:31-04

With the looming tax filing deadline, many of us have our money on our minds. And for more than 60 million Americans who are enrolled in Medicare, one of the biggest financial stressors is managing the costs of their health care.

In a recent survey, 43 percent of newly retired people said they were spending more on health care than they had planned. One of the primary reasons? Many people mistakenly buy into several common myths about health care costs in retirement, leading to unpleasant surprises that strain people’s wallets and create unnecessary stress.

Elena McFann, Central region CEO of UnitedHealthcare Medicare & Retirement, is debunking many of these common myths