Planning for health care costs in retirement

It is estimated that the average couple will need $315,000 to cover medical expenses in retirement, excluding long-term care.1

Where does retiree health care money go?2

Three things you should know about Medicare

Retirement age

U.S. Census Bureau data shows that the average retirement age in the United States is 63, but Medicare doesn't start until age 65.3 You may need to help clients bridge that gap.

Supplemental insurance

Medicare may not cover all (or even most) of retirees’ health care expenses. As a result, many Medicare beneficiaries may need to purchase supplemental insurance.

Significant expenses

Medicare does not cover many significant expenses that clients may face in later years, including long-term nursing home stays.

Educate yourself about health care costs and Medicare coverage

Use health care knowledge as a differentiator.

Want to know more?

Let's talk about retirement solutions for your clients.