The Real Costs of Retiree Health Care
Navigating Medicare and health care costs
For investors at or near retirement, Medicare and health care costs are a common concern—and not surprising given what they hear in the headlines. Help your clients prepare for these expenses and feel more confident in their decisions.
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Get tools to discuss health care costs with your clients
Planning and paying for retirement health care expenses can be overwhelming for your clients. Use our program, The Real Costs of Retiree Health Care, to ease anxiety and help clients understand that these costs are manageable and can be planned for.
Hi. I’m Stuart Ritter, Certified Financial Planner and Insights Director at T. Rowe Price. For your clients who are in or near retirement, health care costs are a common concern. That’s not surprising given the numbers they see in the headlines. Those things imply someone will need close to $400,000 to pay for their health care expenses. Fortunately, T. Rowe Price’s proprietary research shows that the reality of paying for health care in retirement is much less daunting than what they might expect.
I’d like to invite you to our presentation on the topic, which will demystify retiree health care costs. We’ll cut through the misconceptions to provide an accurate look at what’s really going on. In the presentation, we’ll first bring the challenge down to size, focusing on the much more appropriate annual costs of health care rather than a contrived lump sum. We’ll follow the typical retiree’s health care journey showing you the actual dollars a typical retiree spends, on what, and when. Lastly, we’ll guide you on how to take action with this information and incorporate it into decisions about retirement income, Medicare, and portfolio construction.
Only one out of five retirees with advisors receive advice on health care planning. Be one of the few advisors who stand out by learning more about our program. Reach out to your T. Rowe Price contact or visit us at www.troweprice.com/advisors.
Become a trusted resource on health care costs in retirement
This content is designed to help financial professionals address clients’ anxieties and become trusted partners on their health care planning and retirement journeys.
The Real Costs of Retiree Health Care presentation
From annual spending to end-of-life expenses, help clients plan for what health care expenses in retirement actually look like.
Program guide
Use this helpful guide of available resources to customize your program journey.
Key takeaways handout
Help clients recall key points and strategies from The Real Costs of Retiree Health Care presentation.
How unpacking health care expenses can empower retirement savers
Getting the most out of your HSA
Medicare: What to know before you enroll
How retirement income affects Medicare premiums
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1T. Rowe Price, Global Retirement Savers Study, 2025.
2T. Rowe Price Retirement Savings and Spending Study (2023).
3T. Rowe Price estimates based on Medicare premiums and data from the Health and Retirement Study (2020).
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