Rising healthcare costs may derail retirement plans, experts warn

When people grow older, they stop working and use money they saved during their jobs, which is called retirement.

In India, visiting a doctor or staying in a hospital is becoming much more expensive every year.

The cost of hospital care is going up about three times faster than the cost of other everyday things.

Because people are living longer, they need their savings to last for many more years.

Almost half of all health expenses in India are paid by families themselves, not by health insurance.

If someone becomes very sick, expensive treatment could use up years of savings very quickly.

Experts say people should save and invest before spending on bigger houses, nicer cars, or holidays.

They also suggest keeping good health insurance and an emergency fund set aside just for medical bills.

Some people buy annuities, which pay them a steady amount of money every month after retirement.

Planning carefully for medical costs helps make sure savings last through retirement.