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Long Term Care is Expensive

Heath Care and LTC Retirement Expenses

Heath Care and LTC Retirement Expenses

Health care and long-term care during retirement is expensive—and it’s not getting any cheaper. As of 2015, The Retirement Health Care Costs Data Report© from HealthView Services estimates that a healthy 65-year-old couple retiring in 2015 will pay an average of about $395,000 in lifetime retirement health care costs. For a 55-year-old couple retiring in 10 years, that figure rises to about $464,000. Meanwhile, the same report points out that the U.S. Department of the Actuary is projecting health care inflation will remain at a lofty 6 percent for the next decade.

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