Seniors and their loved ones who may look at health care costs as a criterion when choosing retirement living communities may want to look west to California.
From 1992 to 2006, the Golden State registered some of the lowest increases in Medicare costs, which can be an important consideration for seniors who may have
to pay the difference between what is covered and the price of healthcare out of their own pocket.
The disparity among costs in different states would be one reason to not consider popular destinations like Florida where costs have risen at a higher rate, according to insurance broker Alan Weinstock.
While reform efforts in Congress may equalize costs so that they are similar across the nation, one option for seniors who may wish to live in states that report higher medical expenses could be a Medigap insurance plan that offers additional coverage outside of what is offered by the government.
Researching plans may help "seniors [who] have enough to worry about without seeing their Medicare costs skyrocket even further," adds Weinstock.