Tag: post retirement health care costs
More than one in five older women report zero savings for medical bills.
Most of their spending concerns are related to health care.
Speakers at PLANSPONSOR's 2018 HSA Conference discussed educating participants about investing health savings account (HSA) assets and planning for retirement health care costs.
HealthView Services' Retirement Healthcare Cost Index shows a healthy 66-year-old couple retiring today will need 48% of their lifetime Social Security benefits to address total lifetime health care expenses; a 55-year-old healthy couple will need 57% of their benefits to cover health care costs, and a 45-year-old couple 63%.
A study found the cost of health care was another top reason retirees filed for bankruptcy.
RBC Wealth Management has issued a guide to help with including health care costs in retirement planning.