Retiree Health Care Costs

By Filed under Seniors on April 23, 2009 with 2 comments

According to Fidelity Investments, a 65-year-old couple retiring this year will need $240,000 to cover their post-retirement health care costs:

Retiree Health Costs

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Comments (2)

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  1. Joe S. says:
    April 23, 2009 at 3:03 pm

    If they have above average income that is probably an underestimate. With “reforms” that are almost certain to take place, expect more cost shifting to the beneficiaries.

  2. Ron Greiner says:
    April 24, 2009 at 10:03 am

    Seniors with 30 years of tax free HSA deposits and growth will be better prepared for their medical, vision and dental expenses in 21st Century Medicare.

    Unspent HSA balances are dedicated to retirement healthcare costs.

    Above average income seniors can find their Part B Premiums 3.2 times as much as strapped seniors. HSA balances can be used to pay Part B premiums.

    Get a free HSA with a mutual fund option.

    It’s TIME for your HSA at http://www.save101.com