Page 3 - Managing Health Care Costs in Retirement

Managing Health Care Costs in Retirement

bigger drag on retirement funds White Rose Wealth Management
than anything else does. Though not
every retiree ends up needing LTC, Peter Kelly, Financial Planner
its general use increases
exponentially as retirees get older. 717.747.1668
As costs and lifespans continue to
increase, more and more insurance pete.kelly@prudential.com
companies are dropping their LTC
programs (though several still offer whiterosewealth.com/welcome
them.) LTC insurance plans are
typically expensive and must be
purchased while retirees are still in
good health. Even though the
insurance may go unused for many
years, retirees will have to adjust
their spending plans immediately to
accommodate the high annual White Rose Wealth Management is not an affiliate of Prudential Financial. Pete Kelly sells
premiums. Making a generic plan insurance products of Prudential Financial's affiliated insurance companies in addition to
products of non-affiliated insurance companies. White Rose Wealth Management and its
for future LTC is as significant as representatives do not render tax or legal advice. Please consult with your own advisors
any other part of retirement regarding your particular situation.
planning.

There are many factors to preparing
for health care costs during
retirement, and no two plans are
going to be the same. It is important
to research as many different
insurance options as possible and
find coverage that fits both your
needs and your budget. If you have
questions about health care
strategies for your retirement,
contact Prudential to review the
expenses your plan is built to handle
and the adjustments that can still be
made.

This article was written by Advicent
Solutions, an entity unrelated to
Prudential. ©2021 Advicent Solutions.
All rights reserved.

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