Fidelity estimates that the average 65-year-old person retiring in 2023 is looking at spending $157,500 on healthcare costs throughout retirement as a Medicare enrollee. Of course, that number may or may not apply to you, depending on the state of your health and where you live. But either way, you should expect healthcare to be a major line item in your retirement budget.

The good news, though, is that there are steps you can take to spend less of your senior income on Medicare. These moves could result in a world of savings.

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Source Fool.com