“Retiring This Year? Here’s What You’ll Pay for Health Care,” by Michael S. Fischer, ThinkAdvisor
“Fidelity Investments reported Thursday that a 65-year-old couple retiring this year can expect an estimated $275,000 in health care and medical expenses throughout retirement. Fidelity’s annual analysis of retirees’ health care costs represented a 6% increase over last year’s estimate but a whopping 70% increase since its initial retiree health care cost estimate in 2002. . . . It assumes enrollment in Medicare health coverage, but does not include the added expenses of nursing home or long-term care.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
I’ve never understood why Fidelity leaves out LTC for which the risk and cost are well known.