“Retiree Health Care Cost Estimate”

 

“Retiree Health Care Cost Estimate,” Advisor Magazine

 

Quote:

“Fidelity Investments® today announced its 21st annual Retiree Health Care Cost Estimate, revealing that a 65-year-old couple retiring this year can expect to spend an average of $315,000 in health care and medical expenses throughout retirement. … The estimate does not include other health-related expenses, such as over-the-counter medications, most dental services and long-term care.”

 

LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:

“No longer will older Americans be denied the healing miracle of modern medicine. No longer will illness crush and destroy the savings that they have so carefully put away over a lifetime so that they might enjoy dignity in their later years. No longer will young families see their own incomes, and their own hopes, eaten away simply because they are carrying out their deep moral obligations to their parents, and to their uncles, and their aunts. And no longer will this Nation refuse the hand of justice to those who have given a lifetime of service and wisdom and labor to the progress of this progressive country.”

Oops, never mind.