Planning For The High Cost Of Healthcare In Retirement

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“Planning for retirement can at times be like chasing a moving target; major life events, stock market movements and changes in legislation all have the potential to derail even the most detailed plan. Adding to these uncertainties, rising healthcare costs are an ever-growing source of concern for many current and future retirees. According to the 2017 Retirement Health Care Costs Data Report released by HealthView Services, retiree healthcare expenses are expected to rise at an average annual rate of 5.5% for the foreseeable future—almost triple the U.S. inflation rate from 2012-2016. And, a 55-year-old couple retiring in ten years will need up to 92% of their Social Security benefits to cover healthcare costs in retirement.”


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