Rx for a healthy retirement: Watch medical costs

Personal Finance


Reducing your medical expenses to free up cash for other goals may be easier said than done. The high costs of protecting your health makes that a challenge, said Eliot Fishman, senior director of health policy at Families USA.

“Medical expenses are historically the greatest reason for bankruptcies,” Fishman said.

Start by asking more questions at the doctor’s office.

“Consumers need to learn how to be empowered patients,” said certified financial planner Carolyn McClanahan, director of financial planning at Life Planning Partners.

When your doctor orders a test, always ask if the test is necessary, and if it’s the most cost-effective option, said McClanahan, who is a certified financial planner and an M.D.



Source link

Products You May Like

Articles You May Like

Why Mark Cuban did 6-figure deal with Hopscotch app
How much they spend, what life is like
Rocket Mortgage founder Dan Gilbert made $30 billion on paper after stock’s surge
Snowflake (SNOW) earnings Q4 2021
Advice for starting a business from multibillion-dollar Eat Just

Leave a Reply

Your email address will not be published. Required fields are marked *