If there’s ever been a topic to give someone a heart attack, it’s health care reform.
A lot of rumors and spectulation are going around about the Affordable Care Act, (aka Obamacare) and its impact on Medicare. Sometimes, the stories are pretty scary. Of course like most rumors, at best they’re exagerations and at worst they’re just wrong.
Health care during retirement – although it’s expected, we often underestimate the expense. Furthermore, as we age we’ll likely require more health care, the cost of which is continually on the rise. As of 2010, according to the U.S. Bureau of Labor Statistics’ Consumer Expenditure Survey, 2010, a person age 65 and over can expect healthcare to be about 13% of their annual spending. Read more