What is Medicare? Medicare was introduced in 1965 to provide Americans with more affordable health care after retirement. In order to be eligible for Medicare, you must either be 65 years of age. Or, if you are under 65, you must qualify on the basis of disability. You must also be a US citizen or legal resident for at least…
You already know that health care is one of your largest expenses during retirement. But did you know that prescription costs are one of the biggest line items on most retirees’ health care budget? Prescriptions tend to eat up your retirement budget for a couple different reasons: You will likely spend more on health care as you age.…