4 Ways to Save Money on Medicare | personal finances

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The cost of healthcare under Medicare tends to catch seniors by surprise. Now that you know what you may be in for, you can start budgeting ahead of time. Another good bet is to sock money away for future healthcare costs in a health savings account, provided you’re eligible. You’ll need to be enrolled in a high-deductible health insurance plan to qualify. Are you ready for Medicare?

As a Medicare enrollees, you’re entitled to a number of no-cost services every year, like a physical and certain screening tests. It pays to take advantage of those services, because often, keeping tabs on your health can prevent minor issues from escalating into bigger, more expensive ones.

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