How to Factor in Health Costs into Your Retirement Planning

http://www.foxbusiness.com/personal-finance/2013/05/16/how-to-factor-in-health-costs-into-your-retirement-planning/

 

by Casey Dowd

Boomers planning on relying on just Medicare to cover their health-care costs in retirement better think again.  
With health care costs rising two to three times faster than inflation over the last few decades, baby boomers in retirement are facing unplanned medical costs that are eating up their nest eggs.
Fidelity Investments, which has been tracking retiree health care costs for over a decade, estimates that a 65 year old couple retiring this year will need $240,000 to cover future medical costs. While Medicare can help cover some costs, it won’t cover deductibles and copayments, prescriptions and premiums for supplemental coverage.

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