Healthcare costs are eating into Social Security checks. [View all]

Healthcare is draining Social Security checks, and the squeeze is getting worse.

Out-of-pocket healthcare spending in retirement is mountains more than people plan for. Even including Medicare coverage and ignoring long-term care, retirees face sizable out-of-pocket costs for premiums, copays, and uncovered medical services.

“Moving forward, we're going to see really big portions of people's Social Security checks going toward medical costs,” Rutledge said.“The picture isn’t going to get any better anytime soon.”

https://finance.yahoo.com/news/healthcare-costs-are-eating-into-social-security-checks-130028966.html