News Report | October 1, 2017
Retirement Health Care Costs in 2017 Increase 6% From 2016 To Reach $275,000 Per Couple
In 2017, estimated retirement health care costs increased by 6% per couple retiring this year, from $206,000 in 2016 to $275,000 in 2017. This estimate only costs for traditional Medicare premiums, deductibles, coinsurance, and copayments; it does not include costs associated with long-term services and supports or nursing home care.
These estimates were reported by Fidelity Investments, following an annual analysis of retiree health care costs. The estimate was done to help people understand and plan for potential retirement costs for a person of average health. According to the Bureau of Labor Statistics, out-of-pocket health . . .