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More than half of affluent, older Americans are unsure or can’t estimate what their annual health care or long-term care costs in retirement will be. (Photo: Shutterstock)

Even affluent people say they are “terrified” that escalating health care costs could wreak havoc on their golden years, according to the Nationwide Retirement Institute survey.

Harris Poll surveyed 1,007 U.S. adults aged 50 or older with a household income of $150,000 or more, and found that nearly three out of four (73 percent) list out-of-control health care costs as one of their top fears in retirement. Indeed, a majority (64 percent) of future retirees say they are “terrified” of what health care costs may do to their retirement plans, and more and more are becoming increasingly reliant on federal programs to cover health care costs.

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Emily Payne

Emily Payne is managing editor at BenefitsPRO. A Wisconsin native, she spent the past eight years writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.

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