---
title: For Older Adults, Healthcare Costs Are a Major Expense
description: This Forbes article explains how health care costs can make up a significant proportion of your spending in retirement.
---

[XML Financial Group Blog ](https://info.xmlfg.com/blog)

# [For Older Adults, Healthcare Costs Are a Major Expense](https://info.xmlfg.com/blog/for-older-adults-healthcare-costs-are-a-major-expense)

 Written by [XML Financial Group](https://info.xmlfg.com/blog/author/xml-financial-group) | Oct 11, 2022 2:00:00 PM

Retirement saving is a foundational part of any well-crafted financial plan. Ideally, retirement savers will set aside enough money to fully enjoy life after their careers, but that’s not the only reason why it’s so important to save for your golden years.

Healthcare costs are a major expense in retirement—even for people enrolled in Medicare. A study by the Center for Retirement Research at Boston College found that the average Medicare beneficiary spends 25% of their Social Security benefits on out-of-pocket health care costs. 

[Click here to read the article.](https://www.forbes.com/sites/howardgleckman/2022/09/22/how-health-care-costs-eat-into-the-incomes-of-older-adults/?sh=4094a14c6e41)

 

*This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”).  XML is not responsible for any actions taken related to this information.*

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