$500,000 Surprise: Health Care Sticker Shock Awaits You in Retirement

[Rustic23]

Why would anyone expect an insurance co. to like the removal of the individual mandate?

[Corporateburnout]

Quote:

Originally Posted by GravitySucks Thanks pb4uski. And thanks BCLover for bringing this up. Does anyone have similar numbers to pb4uskis?

DW started on Medicare last March. She pays $134 for part B, $155 for Medigap supplement and $32 for part D for a total of $321 that's $3850 annual. So for the two of us when I start Medicare it will be $7700. A 30 year cost will be 230K. Fidelity's estimate is accurate when you add dental cost.

[marko]

Quote:

Originally Posted by Corporateburnout DW started on Medicare last March. She pays $134 for part B, $155 for Medigap supplement and $32 for part D for a total of $321 that's $3850 annual. So for the two of us when I start Medicare it will be $7700. A 30 year cost will be 230K. Fidelity's estimate is accurate when you add dental cost.

And this is why I don't like these types of reports. You get a headline that says "Oh, you'll need $250K just for healthcare in retirement!".

Then you divided it out by 30-35 years, divided it by 2 people in a couple, and it comes out to something most people can readily (if reluctantly) afford.

[GravitySucks]

Quote:

Originally Posted by Corporateburnout DW started on Medicare last March. She pays $134 for part B, $155 for Medigap supplement and $32 for part D for a total of $321 that's $3850 annual. So for the two of us when I start Medicare it will be $7700. A 30 year cost will be 230K. Fidelity's estimate is accurate when you add dental cost.

Thanks.
Good to see these numbers being a little less than my guesstimate.