Healthy 65-year old married couples retiring in 2016 will have average out-of-pocket health care costs of $395,000 over the next 20 years for Medicare premiums, copayments, and coinsurance. The cost estimate does not include catastrophic health-related events, or premiums for long-term care insurance to cover ongoing home care, adult day care, assisted living, or nursing home care. These findings were reported in “Retirement Health Care Costs and Income Replacement Ratios” by researchers with HealthView Services. The report is focused on estimating health care costs as part of retirement planning. The income replacement ratio (IRR . . .
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