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.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Emily Payne

Emily Payne is the current deputy editor for ALM's Business & Finance Markets and former managing editor for BenefitsPRO. A Wisconsin native, she has spent the past decade writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.

More from this author



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.