Page 9 - The Other Side of The Mountain October 2018
P. 9

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        Healthcare costs
        The rising cost of healthcare is    National health expenditures
        certainly an item that you are      will hit $3.35 trillion last year,
        already aware of. I read several    which works out to $10,345 for
        articles that claim the cost of     every man, woman and child.
        healthcare for a healthy retired    Source: US Dept. Of Health & Human
        couple will be about $378,000       Services
        for the remainder of their lives.
                                                 This is a sizeable
                                                 number! What really
                                                 counts however, is the
               Annual Healthcare
                                                 out-of-pocket cost for
                         Cost                    you and me. Medicare

                        by Age                   and health insurance
                                                 supplements will often
                                                 cover the bulk of our
                                                 healthcare costs.
                                      $43,000
                                                 As we grow older, we
                            $35,000
                                                 will be paying much
                                                 more for healthcare
                                                 than younger
                   $18,000
                                                 Americans. This chart
          $7,500
                                                 illustrates the impact for
           60        70        80       90       retirees.


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