Retirees Over 65 Save Big on Health Insurance
Opportunities to Save on Health Insurance
There are several strategies retirees can employ to save on health insurance costs. One effective method is to compare different Medicare Advantage Plans, which often include additional benefits at competitive prices. Many of these plans are offered by private insurance companies approved by Medicare and can provide substantial savings on healthcare costs by bundling services2.
Furthermore, retirees should consider income-based savings programs. For example, the Medicare Savings Program helps pay for premiums, deductibles, and other costs for eligible individuals. Another option is the Extra Help program, which assists with prescription drug costs for those with limited income and resources3.