Retired couples may need $240,000 for health care
MARK JEWELL AP Personal Finance Writer
BOSTON (AP) - Couples retiring this year can expect their medical bills throughout retirement to cost 4 percent more than those who retired a year ago, according to an annual projection released Wednesday by Fidelity Investments.
The estimated $240,000 that a newly retired couple will need to cover health care expenses reflects the typical pattern of projected annual increases. The Boston-based company cut the estimate for the first time last year, citing President Barack Obama's health care overhaul. Medicare changes resulting from that plan are expected to gradually reduce many seniors' out-of-pocket expenses for prescription drugs.
Read more: http://www.kypost.com/dpp/money/retired … z1uNrzGwvz
Health care is rising at an alarming rate. We need to get medical care costs under control
The shocker for many Americans is that this is a conservative figure and many only dream of having this amount or more for their retirement, not just for healthcare during their golden years.
I guess I failed to understand how social medicine could be called 'free health care' in the first place. It's not that we want 'free' health care, how about using Our taxes to pay for Our health care since we have to pay taxes anyway? The politicians get health care on Our tax dime, why can't we? So that is Not free health care anyway.
by Judy Specht12 months ago
I have been listening to how the government has a billion dollars for getting people to sign up for the Affordable Healthcare Act. Would that money have been better spent training more doctors and building new...
by My Esoteric4 weeks ago
OMB Dir Mulvaney said (in referring to the 23 million children, women, elderly, and disabled who will lose, or can't sign up for Medicaid) "We are no longer going to measure compassion by the number of programs or...
by Kathryn L Hill3 weeks ago
If you don't think so, this video will surely convince you!https://www.c-span.org/video/?428821-1/ … conference
by Don W2 months ago
Donald Trump said he will deliver:- "good coverage at much less cost"- "a much better health care plan at much less money."He also said:- "I'm not going to leave the lower 20% that can't afford...
by kareljones7 years ago
do you agree that he needs to take seriously the standards outlined by Grijalva and the Congressional Progressive Caucus.
by Silver Rose7 years ago
I don't normally get involved in political debates, but had to wade into this one. Some foolish American magazine has made the following comment:"The controlling of medical costs in countries such as Britain...
Copyright © 2017 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.