Retiree Health-Care Costs Surge (Wall Street Journal)

In a recent Nationwide Financial survey, almost half of Americans who were close to retirement and had more than $250,000 in household assets said they were “terrified” about health-care costs. To prepare, budgets must be in order. Retirees can expect lower living costs, but should expect other costs to replace them, such out-of-pocket medical expenses. Workers should remain in the work force until age 65 because couples who retire before they are eligible for Medicare could pay as much as $30,000 a year for bare-bones health insurance.  Health-cost inflation runs two to four times the consumer-price index, said Katy Votava, founder and president of Retirees should also shop around for a Medicare plan annually because the costs change every year. 

Read the story.

Related Annuity Sales Strategies Resources

Powered by

  • We Have Great Rates for Your Term Life Clients

    Term Life can work for anyone who is starting a family, has a mortgage, or needs coverage for a specific period of time. Learn more!

  • This New FIA Is A Game-Changer

    Magellan Financial is excited to announce our exclusive distribution relationship with one of the world’s largest and most highly rated insurance companies offer an all-new Index Annuity with some of the top lifetime income payouts available.


Advertisement. Closing in 15 seconds.