It's important to budget for your health care costs if you have Medicare. On average, people with Medicare spend about $5,000 a year on health care costs Medicare does not pay for. What are your Medicare costs in 2017? A lot of your costs depends on your income, which Medicare plan you choose--traditional Medicare or a commercial Medicare health plan (here are four key differences)--and the health care you need. With traditional Medicare, the government-administered option, you can budget for most of your other health care costs if you have supplemental insurance.

Source: Huffington Post January 14, 2017 02:08 UTC