How to Factor Medical Expenses into your Retirement Plan

There are sobering facts about how we might underestimate the impact medical expenses will have on our retirement income. The Employee Benefits Research Institute (EBRI) estimates Medicare covers only 62% of a retiree’s medical expenses. A somewhat disconcerting question but an important one we should each ask is — am I planning for more medical care expenses as I age? Here is a guide on planning ahead for retirement by arming yourself with knowledge about medical expenses and how to wisely prepare for them. Mary Ann (Mimi) Doucette is President of Doucette Medical Supply, Ltd. aka Doucette Medical Supply, LLC

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