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The best places to retire in the USA have long been the subject of debate.
From a small town in the Pocono Mountains to a bustling Midwestern city, there are many options, all with their own pros and cons.
When retiring there are many things to consider, like quality of life and how much money you have to spend while living in your chosen retirement state.
In the past, many people have flocked to Florida and touted it as one of the best places to live in old age. This comes as no surprise, as the state doesn’t tax income and has sunny weather along with beautiful beaches.
It also offers an abundance of activities such as golf, fishing and even bird-watching.
READ MORE: Woman shares how she saved $2 million dollars to meet early retirement goal of age 30
Despite having this amazing reputation, Florida isn’t the top place to retire, according to a recent Bankrate study that ranked the Sunshine State eighth overall, reports Yahoo.
For many Americans considering retirement, making sure they have access to inexpensive, quality health care is of utmost importance — but the cost can vary depending on where you live.
People who work in Florida pay some of the highest health-care costs in the country, according to a study from the Commonwealth Fund which tracked data from 2010 to 2020.
The average total cost of premiums and potential spending on deductibles across single and family insurance policies was as high as $9,284 in the Sunshine State, or over 16% of the median household income, in 2020.
Along with 10 other states, Florida officials have apparently also declined to expand Medicaid under the Affordable Care Act, which offers states additional matching funds if they open up the program to those with low incomes.