Medicare Advantage plans are attracting seniors with their appealing price tags and promise of comprehensive health coverage in one convenient package. But are these plans actually a disadvantage for people with serious health problems?
From Medicare premiums to prescription drug costs, health care expenses can eat up a huge chunk of your retirement savings. The latest projections tell us that the typical 65-year-old man today will spend $189,687 on healthcare expenses in retirement, while the typical 65-year-old woman will spend $214,565. And these figures don't even include long-term care like nursing home expenses