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Older Americans are concerned about increasing health care costs. Tax-advantaged options such as Health Savings Accounts, Flexible Spending Accounts and Health Reimbursement Arrangements may be part of the solution.

The University of Michigan National Poll on Healthy Aging asked adults from 50 to 80 about affording needed health care in the future and their saving for health care. During 2020:

  • 13 percent delayed seeking medical care because of worry about the cost.
  • 12 percent needed medical care but didn't get it because they couldn't afford it.
  • 15 percent had problems paying medical, dental or other health-care bills.

Nearly one in five were not at all confident they would have enough money to pay for health care in the next year.

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