A new study finds health care costs for retired Americansaverage $260,000, including nursing home expenses, and can reachmore than $500,000.

The study from the Center for Retirement Research at BostonCollege, underwritten by Prudential Financial, shows health care costs for aretired couple average $197,000. This figure is for uninsured costslike premiums for Medicare and private insurance, out-of-pocketpayments, and home health costs.

When nursing home costs are factored in, expenses jump to anaverage $260,000, with a 5 percent risk of exceeding $570,000.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.