Health is often one of the top concerns for those nearing or in retirement—not just because it affects their independence and lifestyle, but staying healthy can also come with significant and unpredictable expenses, even for individuals who have been saving diligently for the expected high cost of health insurance for retirees.
A 65-year-old couple could need as much as $366,000 in savings to have a 90% chance of covering their health care expenses—including premiums, deductibles, prescriptions, copays, and out-of-pocket costs—in retirement.
Call us if you’d like to discuss strategies to consider before and into retirement to help navigate this hurdle. We’re always here to help.