How Can Nurses Plan for Healthcare Costs in Retirement?
Healthcare costs can be one of the most significant expenses in retirement. Nurses should consider:
1. Medicare: Understanding Medicare coverage, including Parts A, B, C, and D, and the associated costs. 2. Supplemental Insurance: Purchasing supplemental insurance policies to cover expenses not included in Medicare. 3. Health Savings Accounts (HSAs): Contributing to an HSA during working years can provide tax-advantaged savings for healthcare expenses in retirement. 4. Long-Term Care Insurance: Evaluating the need for long-term care insurance to cover services like nursing home care, assisted living, or in-home care.
