Top Health Expenses to Expect in Retirement
When mapping out what your ideal retirement might look like, it’s important to budget for all kinds of expenses you may not have considered, including costs associated with keeping you in good health. While here in Canada we are fortunate to enjoy government-funded health care, it doesn’t cover as much as you’d think, which in turn can throw your finances, and your retirement goals, way off course.
Health care as we age
Not surprisingly, as we age there are emerging health issues that can impact our quality of life, ranging from minimally to significantly. This could include our vision, oral health, mobility, hearing, and other medical issues that require prescription medications, hospital stays, prosthetics, and so on. After years of working hard and finally being able to retire, you don’t want your health care concerns or costs to get in the way of enjoying life and living comfortably.
What’s covered, what’s not