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December 13, 2004 10:10 AM

Don’t Let Health Care Costs Hijack Your Retirement


Excerpt: One of the greatest financial challenges faced by today’s retirees is the rising cost of health care. Prescriptions, insurance premiums, doctor’s office visits and hospital stays are all increasing more rapidly than inflation. Whether you’re in your golden years or fast approaching them, you must take a serious look at how health care costs will affect your retirement nest egg.


One of the greatest financial challenges faced by today’s retirees is the rising cost of health care. Prescriptions, insurance premiums, doctor’s office visits and hospital stays are all increasing more rapidly than inflation. Whether you’re in your golden years or fast approaching them, you must take a serious look at how health care costs will affect your retirement nest egg.

The causes of rising health care costs are many. Today’s population is living longer than ever. That’s a good thing, but it does mean that our health care system is being stretched to handle the increasing load. New drugs and other treatments are continually coming on the market to address health care problems in new ways. Preventive drugs are being prescribed than ever before.

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