Another article on the high cost of health care in retirement, and again, these numbers all exclude the cost of long-term care.The Motley Fool does a good job of examining a couple of different studies on what we should expect to pay out of pocket for health care in retirement, and how even with estimates exceeding $240,000 over a 20-year retirement we may still be UNDER-estimating the cost. MOST of the costs are monthly premiums for Medicare Part B and Medicare Supplement insurance, plus an average of Medicare deductibles and co-payments. None of the studies cited include the cost of long-term care services. The Fool's advice: This is a well-done article that lays out facts and ways to approach the planning issues without relying on scare tactics.
Read the full article on-line by clicking HERE. http://www.fool.com/retirement/2016/07/03/warning-healthcare-costs-in-retirement-may-be-high.aspx
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