How military retirees can budget for health care costs Non-disabled service members are entitled to Tricare — a health plan provided by the Department of Defense — when they reach the age of 65, according to this article on Money. For Medicare recipients, Tricare can serve as the program's Medigap and Part D drug plans, which they can use to cover the costs excluded by Medicare Part A and Part B. While original Medicare has no annual caps on out-of-pocket costs, Tricare for Life limits catastrophic costs to $3,000 per family, and plan holders are likely to reach this limit if they face a hefty bill for services that are covered only by Tricare, or if they have used up their Medicare hospital benefits. –Money

How retirement planning for childless couples is different Although childless couples have more free money to save for their golden years, they may have daily expenses that could cost them a considerable amount and affect the way they should build their nest egg, according to this article on USA Today. Since they have no children who will look after them when they retire, they should have a plan ready in case one of them dies, says an expert. "When the first spouse passes away, income usually goes down, more times than not tax liabilities increase, and expenses either stay the same or increase." –USA Today

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