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. Și, it is likely that you will need a sizable amount funds to pay for your lifestyle.
din pacate, healthcare is a spending category that rises consistently in retirement as we get older. The average out of pocket health care cost for a household between the ages of 65 și 74 is nearly $4,400 a year, care este de aproximativ 11% of the total household spending. According to a new study from the Employee Benefit Research Institute, health care expenses have grown by 19% of household income to $6,6013 for household with at least 85 varsta.
This cost breakdown comprises of recurring and non-recurring healthcare cost. For the Medicare-eligible segment of the population, the average recurring expenses medical services, such as doctors visits, prescription drugs and medical supplies, total $1,855 a year.
On average retirees can assume that 2% inflation with 3% returns. If a person’s life expectancy were 90 varsta, 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 varsta.
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 și $131,000 in savings respectively. in orice caz, 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 cred că banii suficient nu va fi salvat pentru asistență medicală atunci când ajung la vârsta de pensionare. 38% de oameni de peste 55% nu au salvat nimic și 70% doresc ei au început de economisire înainte de a fi fost de varsta 35%. În timp ce numai 28% de oameni de peste 50 a început înainte de economisire, atunci când acestea au fost 35. chiar și cel mai rău, 44% nu au avut nici un plan de a începe salvarea viitorului.
Medicare va acoperi doar aproximativ jumatate din costul medicale, și este cel mai frecvent pentru a fi mijloacele în care oamenii se așteaptă să plătească pentru îngrijire medicală în pensionare. Aproape 57% de oameni de așteptat să lucreze dincolo de vârsta 65 să plătească pentru neajunsuri financiare, în scopul de a suplimenta veniturile.
Există modalități de a reduce costurile medicale in timpul de pensionare.