The costs of health care in retirement are going up… again, maybe the need for a medicare supplement plan isn’t such a bad idea. A couple retiring this year will need about $225,000 in saving to cover health care costs during retirement, according to an annual survey conducted by Fidelity Investments. That’s up 4.7% since last year. The rising cost is attributed to increases in such things as the cost of a doctor’s visit; increased use of medical services; and, rising costs associated with new treatments.

So maybe a medicare supplement plan also known as a medigap plan could be the answer for you. Additional retiree health insurance can help cover extra health care costs and prescription drugs.