Cortburg Speaks Retirement

The Reality of Healthcare Costs in Retirement

• Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® • Season 2026 • Episode 290

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Healthcare is one of the most important — and often overlooked — parts of retirement planning.

In this episode, Miguel Gonzalez discusses several key healthcare considerations retirees may face, including Medicare, long-term care, Health Savings Accounts (HSAs), and the importance of building flexibility into your retirement strategy. Planning ahead for healthcare costs can help bring greater clarity and confidence to your long-term financial picture.

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Welcome to Cortburg Speaks Retirement Podcast 
with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC®

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Welcome to Cortburg Speaks Retirement

An audio podcast about investing in the stock market, financial planning, money management and retirement planning.  Each Wednesday, we help investors at all stages of life learn how to potentially grow and preserve their money from first job through retirement.

Now here is your host, Miguel Gonzalez.

Good morning and welcome to the CORTBURG SPEAKS RETIREMENT audio podcast.   

When people think about retirement planning, they often focus on investment accounts and savings targets.

But healthcare is another important factor that can influence financial decisions later in life.

While the exact costs vary from person to person, planning ahead for healthcare expenses can help individuals approach retirement with greater clarity and preparedness.

Today I want to discuss a few considerations when thinking about healthcare costs in retirement.

1. Healthcare as a Major Retirement Expense

Healthcare is often one of the larger expenses retirees may face over time.

Even with insurance coverage, individuals may encounter costs such as premiums, deductibles, prescriptions, and out-of-pocket services.

2. Understanding Medicare Basics

Medicare becomes available for most individuals beginning at age 65.

However, many people are surprised to learn that Medicare does not cover every healthcare expense.

There are different parts of Medicare that address hospital care, medical services, and prescription drug coverage, and many retirees evaluate supplemental coverage as part of their healthcare strategy.

3. Long-Term Care Considerations

Another healthcare-related topic that often arises in retirement planning is long-term care.

While not everyone will require long-term care, understanding the potential costs and available options can be an important part of financial planning.

Some individuals explore insurance options or other financial strategies to prepare for this possibility.

4. Health Savings Accounts

For individuals who are eligible, Health Savings Accounts—often called HSAs—can play a role in planning for future healthcare expenses.

These accounts allow individuals to set aside funds that may be used for qualified medical expenses.

5. Maintaining Healthy Habits

While financial planning is important, many retirees also focus on maintaining healthy lifestyles.

Regular exercise, balanced nutrition, and preventive healthcare can contribute to overall well-being.

Healthy habits not only support quality of life but may also influence healthcare needs over time.

6. Planning Ahead for Flexibility

Healthcare needs can change as individuals move through different stages of retirement.

Because of this, many financial plans include flexibility to adjust spending if medical costs evolve in the future.

In Closing

Healthcare is an important component of retirement planning.

By understanding potential expenses, learning how Medicare works, and considering strategies to prepare for future medical needs, individuals can approach retirement with greater confidence and awareness.

This is Miguel Gonzalez, Certified Retirement Counselor (CRC) and Managing Partner, with Cortburg Retirement Advisors signing off for this week’s educational podcast.  

End of video disclosures:
CRC conferred by The International Foundation for Retirement Education.


 Securities offered through LPL Financial. Member FINRA/SIPC. Investment advice offered through Private Advisor Group, LLC, a registered investment advisor.
 
 

Private Advisor Group, LLC and Cortburg Retirement Advisors, Inc. are separate entities from LPL Financial.
 
 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
 
 

All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.

 

Contributor

Miguel Gonzalez, MBA, AIF®, CPFA®, PPC®, CRC®

Host