Retirees traditionally flock to the South to spend their golden years in sunshine and warmth. But if you have a health condition, you may want to think twice before making such a move.
The five states with the worst retiree health care are all located in the South, according to WalletHub’s latest annual ranking of the best states for retirees.
The analysis found that the five worst states for retiree health care in 2020 are:
- West Virginia (ranked No. 50 for health care)
- Alabama (No. 49)
- Kentucky (No. 48)
- Mississippi (No. 47)
- Tennessee (No. 46)
In ranking the 50 states based on the health care they offer retirees, WalletHub looked at more than a dozen metrics, including:
- Number of family and general physicians per capita
- Number of dentists per capita
- Top-rated geriatrics hospitals
- Quality of public hospitals
If good health care is paramount for you — and you can stand the cold — staying north for retirement might be a better idea. Four of the five top states for retiree health care are located in colder climates.
However, the tropical paradise of Hawaii also made that list. So, you can retire there — if you can afford it.
The top five states for retiree health care are:
How to cut your health care costs
Health care is expensive. That’s true no matter where you live — or what age you are. With a little planning, though, you can hang on to more of your hard-earned cash.
For example, a little old-fashioned “give and take” — like offering to pay in cash — might save you a bundle. As we report in “5 Ways Anyone Can Save on Out-of-Pocket Health Care Costs“:
“Tell the medical office that you’re paying cash for a service and ask for a discount. Besides a lower bill, you might be able to negotiate a no-interest payment plan to spread your payments over a few months.”
Prescription drugs are a costly fact of life for millions of retirees. But Money Talks News managing editor Karla Bowsher has learned a few things about trimming such expenses.
Tap into her hard-earned wisdom by checking out “5 Ways I Slashed My Drug Costs up to 50%.”
Find the right financial adviser
Finding a financial adviser you can trust doesn’t have to be hard. A great place to start is with SmartAsset’s free financial adviser matching tool, which connects you with up to three qualified financial advisers in five minutes. Each adviser is vetted by SmartAsset and is legally required to act in your best interests.
If you’re ready to be matched with local advisers who will help you reach your financial goals, get started now.