Lowering the age when older adults can enroll in Medicare might save them a lot of money, even if the age drops only a year or two from the current age of 65, a new study suggests. Such a change could especially affect the small percentage of people in their early 60s who spend a major chunk of their disposable income on health costs.
Tag: Health Spending
Helping people save for health costs: Poll finds tax-free accounts used less by those who may need them most
Most older adults are not using tax-advantaged savings accounts to save for future health expenses, a new poll of people age 50 to 80 suggests, and those who do are more likely to have high incomes and education levels, and to be in good health and under Medicare eligibility age.