Often these plans have low deductibles so our exposure to significant medical debt is somewhat limited by having robust insurance. In fact, it's been reported that medical costs are among the top financial worries of Americans, and with good reason: Medical expenses are often the largest anticipated expense for seniors. Fortunately, there are steps you can take to avoid medical debt in your retirement years. Enroll in Medicare Parts A, B and D during this window if you don’t have any other creditable health insurance coverage, such as employer coverage. Set that money aside for medical costs during retirement.

Source: Forbes May 24, 2018 12:56 UTC