Does your retirement plan cover healthcare issues?
==== ====Learn about how to save for retirement and get access to a millionaire by retirement Excelspreadsheet at:http://proactinvest.net==== ====One of the most essential and basic questions of retirement planning, is the one that isunfortunately also the most ignored: does your retirement plan cover health care issues? It isimportant to start thinking about health care issues as you begin planning for your retirementneeds. Always remember that planning ahead will protect you and your family from the possibilityof having to pay considerable health care costs, or worse, being unable to afford health care orlong term care when you need it.Always take the necessary steps to protect your financial future as well as to plan ahead for yourhealth care needs. As a generality however, most people do not pay enough attention to this veryimportant aspect of life planning. A large number of people, pre-retirees as well as retirees, readilyagree that health is one of the most important issues in retirement. However, almost no one reallyspends enough time actually planning for health issues in retirement. Most pre-retirees doundertake some kind of planning for the financial aspects of retirement, but seem to neglectunderstanding and planning for health benefits options.Planning for medical issues during retirement takes more than just planning the financial details. Itwould, in fact, involve reevaluating your routine and budget, exploring the health care options, andresearching Health Savings Accounts, long term care options and life insurance options. Eventhough most pre-retirees are willing to pay for prescription drugs and doctors visits during theirretirement, they seem to have a very unrealistic view of what it will cost. Most people anticipatecosts to be less than $300 a month for health care-related expenses whereas, in reality, theaverage retiree actually spends around $640 a month.In short, most Americans are confused about health benefits and do not really plan for a healthyretirement as well as a financially stable one. Most people dont even have a realistic idea of howmuch money they spend on essentials each year. To help people like that, many websites offer ahealth expense calculator that estimates your annual health expenses, including all your medicalcosts, dental costs, ophthalmology costs, and the total amount spent on prescriptions, for theentire family. These calculators can help you to understand how much money you would need, tomeet all your medical expenses.They are, in fact, invaluable tools in planning health benefits and financial needs after retirement.Having a retirement plan that covers health care issues is vital. The risks of both heart diseaseand diabetes increase as we age. This is another reason why planning for retirement shouldinclude a sensible diet, exercise, and active control measures against any chronic illness.Research and gaining updated information would be an important step in making the rightdecisions for a healthy post retirement lifestyle. There is also a major financial incentive, for