Planning for the Cost of Healthcare

Healthcare Considerations

It’s never too early to start thinking and planning for retirement, especially when it comes to major expenses like healthcare. For one thing, Americans are living longer. Yes, increased longevity is wonderful, but it also comes with a greater risk of experiencing changes in health, which could mean greater expenses as healthcare costs rise. The fact is, even with insurance and Medicare, out-of-pocket healthcare costs in retirement can be expensive, with the potential to derail even the best-laid plans. Understanding potential costs, evaluating your options and developing a comprehensive plan that accounts for those expenses can help you achieve a secure, comfortable retirement.

Costs to take into consideration:

  • Medicare premiums, deductibles and copays
  • Supplemental coverage costs
  • Prescription copays
  • Hearing, dental and vision costs
  • Long-term care insurance
  • Other out-of-pocket expenses
White paper

To learn more read a white paper about how healthcare costs could affect your overall retirement income plan.

Learn more about retirement income planning and how healthcare expenses factor into your overall plan.

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