Retiree Health-Care Costs Surge (Wall Street Journal)

In a recent Nationwide Financial survey, almost half of Americans who were close to retirement and had more than $250,000 in household assets said they were “terrified” about health-care costs. To prepare, budgets must be in order. Retirees can expect lower living costs, but should expect other costs to replace them, such out-of-pocket medical expenses. Workers should remain in the work force until age 65 because couples who retire before they are eligible for Medicare could pay as much as $30,000 a year for bare-bones health insurance.  Health-cost inflation runs two to four times the consumer-price index, said Katy Votava, founder and president of Goodcare.com. Retirees should also shop around for a Medicare plan annually because the costs change every year. 

Read the story.

Reprints Discuss this story
We welcome your thoughts. Please allow time for your contribution to be approved and posted. Thank you.

Most Recent Videos

Video Library ››