October 18, 2011

14 Smart Ways Seniors Can Cut Medical Costs

How to save money


By Karen Pallarito

Are rising healthcare costs hammering your budget? If so, you're not alone. One in four people on Medicare laid out 30% or more of their income on healthcare in 2006, according to a recent analysis by the Henry J. Kaiser Family Foundation.

As healthcare costs continue to swell, people on Medicare likely will be required "to put even more skin in the game to pay for their health expenses," the foundation concludes.

But there are plenty of ways for the savvy senior to stretch a dollar. Here are some strategies that may lower your overall healthcare tab.

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