Retirees Need $130,000 Just to Cover Health Care, Study Finds

[tsptalk]

Retirees Need $130,000 Just to Cover Health Care, Study Finds

Today's 65-year-olds can expect to spend an average of $130,000 on health care during their retirement, from premiums to co-payments to eyeglasses, according to new estimates.

The average single 65-year-old woman can expect to need $135,000 to spend on health care in retirement, while a man will spend $125,000, according to estimates from Fidelity Investments. (The difference is because the woman is expected to live longer—an additional 22 years, vs. 20 years more for the man.)

Retirees Need $130,000 Just to Cover Health Care, Study Finds - Bloomberg

 

[nnuut]

That ObamaCare has really brought down the out of pocket costs, what would we do without it?

 

[evilanne]

Retirees Need $130,000 Just to Cover Health Care, Study Finds
Retirees Need $130,000 Just to Cover Health Care, Study Finds - Bloomberg

So how come it costs $10K more for women, who generally get paid less?

 

[Lindoug]

So how come it costs $10K more for women, who generally get paid less?

Because, as it says in the article, women live longer.
"The difference is because the woman is expected to live longer—an additional 22 years, vs. 20 years more for the man"

 

[burrocrat]

So how come it costs $10K more for women, who generally get paid less?

that is because of the added mental health visits and psychological counseling sessions it takes on average to maintain a healthy female, although individual costs may vary considerably and sometimes range much higher.

 

[evilanne]

that is because of the added mental health visits and psychological counseling sessions it takes on average to maintain a healthy female, although individual costs may vary considerably and sometimes range much higher.

Probably a lot higher if they have to deal a husband.
I would think that those cost would decrease significantly once he starts pushing up daisies:flowers1:.

 

[k0nkuzh0n]

That doesn't seem to be that bad. Average $6k a year. I was expecting a lot worse

 

[wavecoder]

BirchTree must be doing alright cause he makes that much in a week :nuts:

 

[Scout333]

Heh! Wives don't get stress they give it!