Page 207 - FlipBook BACK FROM SARAN - MAY 5 2020 - Don't Make Me Say I Told You So_6.14x9.21_v9_Neat
P. 207

Don’t Make Me Say I Told You So                                    193





              Health care costs in retirement for a 65 year-old couple

         $300,000
                                                                      $280,000



         $250,000



         $200,000




         $150,000
              2002  2003  2004  2005  2006  2007  2008  2009  2010  2011  2012  2013  2014  2015  2016  2017  2018

              Source: Fidelity Investments. These are estimates for the last 16 years that Fidelity has been calculating this dollar amount.

           These costs include, but are not limited to:


           ►   Deductibles and coinsurance for Medicare Part A

           ►   Premiums and deductibles for Medicare Part B

           ►   Coinsurance for Medicare Part B

           ►   Prescription drugs


           ►   Other medical expenses not covered by Medicare


           Not only are medical costs skyrocketing, but, with ever-rising
        life expectancies, Americans now have to think about medical

        expenses incurred over 20, 30, or even 40 years of retirement.









                      Chapter 5: Things That Can Wreck Your Retirement
   202   203   204   205   206   207   208   209   210   211   212