Wednesday, March 03, 2010
LTC Shock: Retirees facing minimum $200K bill for lifetime care
And there's a 5% chance the tab could top $700K - Unexpected spikes in health care expenses can dramatically ramp up the cost of lifetime care for retirees.
A news study conducted by the Center for Retirement Research at Boston College found that a couple who are both aged 65 — and who are free of chronic disease — can expect to spend $197,000 on health care costs, including insurance premiums, out-of-pocket expenses and home-health costs, over the rest of their lives.
But the nearly $200,000 figure does not include the costs of nursing-home care, and researchers said there's a 5% risk that the present value of the uninsured health care expenses will exceed $311,000...
Investment News: LTC Shock: Retirees facing minimum $200K bill for lifetime care
A news study conducted by the Center for Retirement Research at Boston College found that a couple who are both aged 65 — and who are free of chronic disease — can expect to spend $197,000 on health care costs, including insurance premiums, out-of-pocket expenses and home-health costs, over the rest of their lives.
But the nearly $200,000 figure does not include the costs of nursing-home care, and researchers said there's a 5% risk that the present value of the uninsured health care expenses will exceed $311,000...
Investment News: LTC Shock: Retirees facing minimum $200K bill for lifetime care
Permalink posted by markw @ 6:48 AM 
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