Medicare's Trust Fund Projected to Deplete by 2033; Rising Healthcare Costs Pose Greater Risk for Retirees
The Medicare Part A trust fund is projected to be depleted in 2033, but the program will continue operating with incoming revenue covering about 89% of expenses. Experts warn that retirees should focus more on rising healthcare costs, as Medicare Part B and D spending are expected to grow significantly over the next few years.
Topics: federal budget healthcare costs Medicare retirement planning