An Rx for Savings
Even before the coronavirus pandemic, many older Americans worried about the cost of health care. Spending on health care in the United States, which totaled about $3.8 trillion in 2019, is projected to reach $6.2 trillion by 2028, according to the Centers for Medicare and Medicaid Services, in large part because of a growing number of people 65 and older. Health care costs more for seniors, on average, than any other age group.
While the cost of health care keeps rising, there are some cost-saving strategies that can reduce the bite out of your budget. These include making smart choices when it comes to choosing a health plan, seeing a doctor, getting medical tests, having a surgery or procedure, and filling prescriptions.