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 lovetherain 5 months ago
Can the United States afford to have free health care for all? Why or why not?
by Ana Maria Orantes 3 months ago
Now Medicare gets involve with other health insurance’s companies Call your Medicare program and find an agent that can help you with Obama’s health care program to get more . It is for people over 65. Is it a good idea.?
by Judy Specht 2 years 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 hospitals? New Jersey has closed how many community hospitals in the last few...
by Don Bobbitt 4 years ago
So many people have horrid personalities while in a business environment, what with the pressures and competition, but when they retire, they actually seem lost until they find a more relaxed and complacent lifestyle. How do you think you will be react to the change in your world upon retirement?
by Money Fairy 5 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 have to pay a Dr. almost $200.00 just to get a prescription. I am very thankful...
by Grace Marguerite Williams 5 months ago
Do you believe that the nuisance known as Obamacare will finally be repealed? Why? Why not?I believe that the government SHOULD NOT be in private affairs such as health care. I believe that health care is the sole responsibility of the individual. If individuals want health care,...
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