Fidelity reports that a 65-year-old could spend an average of $172,500 on healthcare in retirement, with the total for a married couple reaching $345,000. Medicare provides coverage starting at age 65, but choosing the right plan is crucial. Premiums for Medicare are rising in 2026, with the standard monthly premium at $202.90. Prescription coverage costs are also increasing, with a higher deductible and out-of-pocket cap. Medicare Advantage plans may now require prior authorizations for certain treatments. Some medication costs are decreasing, while coverage for certain services under Medicare Advantage is being reduced. Insulin costs are capped at $35 per month, and free vaccines are offered by Medicare. It’s important to stay informed about Medicare changes to protect your finances in retirement.

Read more at NASDAQ: 8 Medicare Changes Every Enrollee Should Know About in 2026