Planning Efficiently for Out-of-Pocket Spending on Healthcare Costs in Retirement

Most people are surprised to learn that Medicare can have unexpected and unplanned costs. In fact, the rising cost of healthcare is a top concern for Americans at or near retirement.

We call these “Out-Of-Pocket Spending” or “OOPS”. The latest report from Fidelity Investments informs us that a 65-year-old couple signing up for Medicare in 2022 can expect to shell out $315,000 in Medicare premiums, co-insurance, copays, and other costs over a 25-year retirement. The good news is, there can be an opportunity to plan ahead and get a “discount” on these costs.

Tune in to learn more with E4 Insurance Service’s Vice President of Institutional Accounts, Steve Walker!