Affording health care costs is a concern for people of all ages as these costs are considered to be one of the larger expenses clients will face in retirement.
Top 5 Fears About Retirement
Source: Employee Financial Wellness Survey, PwC US, 2019.
Health Care: One of The Greatest Expenses in Retirement
Source: U.S. Bureau of Labor Statistics, A Closer Look at Spending Patterns of Older Americans, 2016.
How the Health Care Dollar is Spent
Source: Centers for Medicare and Medicaid Services, National Health Expenditures, 2017.
Health Care Costs in Retirement Fall Into Two Categories
Source: T. Rowe Price estimates based on projected 2020 Medicare premiums and data from the Health and Retirement Study (HRS). Health and Retirement Study, (HRS) public use dataset. Produced and distributed by the University of Michigan with funding from the National Institute on Aging (grant number NIA U01AG009740). Ann Arbor, MI. Premium percentage of total health care expenses includes the median percentage share of individual health insurance premiums (ages 65 and above) for Medicare Parts A, B, and D.
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