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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 ahorseback3 weeks ago
Italy will care for baby Alfie , And the U.K. will let Alfie die today why ?
by Judy Specht23 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 vshining8 years ago
We all know affordable healthcare in America do not exist and it's sad because America is suppose to be the land of the plenty, but yet we have people dying because they can't afford healthcare.I appreciate the...
by kareljones8 years ago
do you agree that he needs to take seriously the standards outlined by Grijalva and the Congressional Progressive Caucus.
by Money Fairy4 years ago
It seems that unless you are upper middle class or wealthy you can't afford proper health care. It just doesn't seem fair. I am happy so far that I have been healthy, but just a simple cold or flu to get penecilin you...
by Silver Rose8 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...
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