We all want to be healthy as we enter our retirement years. But how do ensure we are healthy, and a what cost? Planning for retirement, itself can seem difficult, even more difficult would be planning for your health in retirement. You may live a healthy life now, but how do you know what the state of your health will be in the future. Whether your planning to travel the world, road trip around the country in an R.V spend time with your family or give back to your community, all of these require that you are in good health in your later years. And, it is likely that you will need a sizable amount funds to pay for your lifestyle.
Unfortunately, healthcare is a spending category that rises consistently in retirement as we get older. ವಯಸ್ಸಿನ ಒಂದು ಮನೆಯ ಸರಾಸರಿ ಪಾಕೆಟ್ ಆರೋಗ್ಯ ವೆಚ್ಚ ಔಟ್ 65 and 74 ಸುಮಾರು ಹೊಂದಿದೆ $4,400 ಒಂದು ವರ್ಷದ, ಇದು ಸುಮಾರು 11% ಒಟ್ಟು ಮಂದಿಯ ಖರ್ಚಿನ. ಉದ್ಯೋಗಿ ಲಾಭ ಸಂಶೋಧನಾ ಸಂಸ್ಥೆ ಹೊಸ ಅಧ್ಯಯನದ ಪ್ರಕಾರ, ಆರೋಗ್ಯ ವೆಚ್ಚಗಳು ಬೆಳವಣಿಗೆಯಾಗಿದೆ 19% ಗೆ ವರಮಾನದಲ್ಲಿ $6,6013 ಮನೆಯ ಕನಿಷ್ಠ 85 years old.
ಈ ವೆಚ್ಚ ಸ್ಥಗಿತ ಮರುಕಳಿಸುವ ಮತ್ತು ಪುನರಾವರ್ತಿಸದಂತಹ ಆರೋಗ್ಯ ವೆಚ್ಚ ಒಳಗೊಂಡಿದೆ. ಜನಸಂಖ್ಯೆಯ ಮೆಡಿಕೇರ್ ಅರ್ಹರಾಗಿರುತ್ತಾರೆ ಪ್ರಸಂಗಕ್ಕೆ, ಸರಾಸರಿ ಮರುಕಳಿಸುವ ವೆಚ್ಚಗಳು ವೈದ್ಯಕೀಯ ಸೇವೆಗಳು, ಡಾಕ್ಟರ್ಗಳು ಭೇಟಿಗಳು, prescription drugs and medical supplies, total $1,855 ಒಂದು ವರ್ಷದ.
On average retirees can assume that 2% inflation with 3% returns. If a person’s life expectancy were 90 years old, they would require $41,000 a year age 65 to fund his or her recurring expenses. This is not calculating for insurance premiums and over-the-counter medications. There are also non-recurring expenses, such as overnight hospital stays, and nursing home stays can be significant cost, which average $24,185 for people at least 85 years old.
It’s important for individuals to plan accordingly based on their cost estimates. The EBRI study found that if men and women wanted to have a 90% chance of paying for own expenses then men and women would need to have $116,000 and $131,000 in savings respectively. However, for the vast majority of retirees, saving up for retirement basics is difficult let alone save up an addition money to cover medical cost. According to an AARP, 55% of Americans over the age of 60 believe that will not have saved enough money for healthcare when they reach the age of retirement. 38% of people over 55% have not saved anything and 70% wish they started saving before they were age 35%. While only 28% of people over 50 started saving when before they were 35. Even worst, 44% did not have any plans to start saving the future.
Medicare will only cover about half of the medical cost, and is most commonly to be the means in which people expect to pay for medical care in retirement. Nearly 57% of people expected to work past the age of 65 to pay for the financial shortfalls in order to supplement their income.
There are ways to cut medical cost during retirement.