Broker Check

Healthcare Optimizer

It is very important to broach a topic that will likely affect every retiring American over the next thirty years: rising healthcare costs.

It is likely that you have spent the bulk of your working life subsidized by employer-sponsored health insurance (often about 75% of the total premium) and have given little thought to paying for healthcare during retirement. Why? Because you have been lulled into the idea that for the past 50 years, Medicare has provided access to affordable health-related goods and services for all citizens once they turn 65; therefore, you have very little to worry about.

This isn’t exactly true.

Actuarial data uncovers that an average 65-year-old couple retiring today and living until the age of 90 can expect to pay an average of almost $9,600 annually in basic health-related costs. Combine these staggering numbers with reports from Credit Suisse which reveal that healthcare comprises 33% of all household expenditures over 60, and it is evident that retiring Americans are facing a very real dilemma.

Fortunately, both retiring Americans and financial service professionals have finally recognized that accounting for healthcare expenses must become the foundation of retirement planning. To begin the process, we can now generate individualized healthcare reports detailing how much you will have to pay based on a wide range of variables, including age, retirement age, health status, behavior, income, and residency (among others). We then use this data to create a viable investment strategy to fund these costs.

If you are between the age of 50 and 65, our calculator shows what you can expect to pay out-of-pocket for healthcare during your first year with Medicare at age 65. For a full report addressing healthcare costs across all your potential years of retirement, contact us today.