There’s a common perception out there that seniors are “taken care of” when it comes to health care. But many adults between the ages of 55 and 64 are increasingly filing for bankruptcy as a result — partially — of higher health care costs, according to this LA Times article.
when you think about it, though, it’s no surprise. Medicare benefits don’t begin until 65. By the time you’re 55, you’ve got a good history of pre-existing conditions, making it more expensive to cover you. And employers are looking for younger, cheaper workers — because you cost too much in more ways than one.
More reason for us to get on the ball and do something this year.