Before reaching Medicare eligibility, many clients find themselves overwhelmed by the headache of healthcare costs. According to Fidelity Investments’ 2024 Retiree Health Care Cost Estimate, a 65-year-old retiring in 2024 is projected to need $165,000 to cover healthcare and medical expenses in retirement. This estimate represents a nearly 5% increase from 2023 and has more than doubled since 2002, underscoring the importance of thorough planning. Yet 55% of those surveyed complain about navigating Medicare options and enrollment.
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