How financial advisors help clients manage health-care costs in retirement

CNBC - Sarah O'Brien

October 11, 2019

“Certified financial planner Ken Waltzer has an older female client who suffers from congestive heart failure. Given the high cost of her prescriptions, Waltzer recently became concerned by how much money she and her husband were spending.

“I suggested that maybe I should talk to her doctor about her medications,” said Waltzer, co-founder and managing partner of KCS Wealth Advisory in Los Angeles. “They were the most expensive in their class, and there were less expensive options.”

Offering to help get those costs down is not unusual for Waltzer, who once was a practicing physician and also worked at a large insurance company.”

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