More than a quarter of a million dollars — that’s how muchretired couples can expect to spend on their health care oncethey’ve left the workplace.

That’s according to Fidelity’s Retiree Health Care CostEstimate, which found that a 65-year-old couple retiring this yearshould be prepare to spend that much over the course of theirretirement.

The $260,000 estimate is 6 percent higher than just last year,when it came in at $245,000, and applies to retirees withtraditional Medicare insurance coverage.

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.