Misconceptions About Health Costs When You’re Older
From The New York Times website
Some significant expenses decline as we age: Most mortgages are eventually paid off, and ideally children grow up and become self-supporting.
But health care is one area in which costs are almost certain to rise. After all, one of the original justifications for Medicare — which kicks in at age 65 — is that older people have much higher health care needs and expenses.
But there are a few common misunderstandings about health costs when people are older, including the idea that money can easily be saved by reducing wasteful end-of-life spending.
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