While healthy retirees' immediate health care costs may be lowerthan their unhealthy counterparts, their extended life times willincrease total costs. These are the findings of a recent report from the Center for Retirement Research.
The Center used data from the Health and Retirement Study tocreate a simulated lifetime health and health care cost history forhouseholds at age 65. Socioeconomic status, gender and insurancecoverage were considered in the simulation.
The report found that a couple turning 65 in 2009 can expect to spend $220,000 on health care if one or both spousessuffer a chronic illness. Furthermore, 5 percent of couples canexpect to spend over $465,000. Yet, healthy couples can spendbetween $260,000 and $570,000.
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