• Retirees: You May Need More For Healthcare Costs

  • by Kristen Curzytek

This week Fidelity Investments released their annual projection of healthcare costs in their annual report on retirement planning. Aol.com published an amazing article about the findings of the report and also analysis from experts in the field.

This year’s report projected an average couple that retires this year would need $240,000 for healthcare expenses, which is a 4 percent rise compared to last year’s report.

The study is based on a 65-year-old couple retiring this year with Medicare coverage. The study takes into consideration how much the federal program covers as well as the out-pocket-costs many seniors have to cover that are not covered by Medicare.

The report from Fidelity may change once the U.S. Supreme Court decides on the 2010 health care law. The important thing to remember with the report is healthcare costs need to be considered when planning for retirement, especially since costs are projected to rise.

To read more about Fidelity’s report and expert and to read the full article, please visit aol.com.

With expected rise in healthcare costs it is now more important than ever for retirees to have proper savings. If you are worried about nest egg being able to cover all your retiring costs or you just want a little extra cash then a Reverse Mortgage could help. One Reverse Mortgage is the largest reverse-only mortgage lender in America. Our bankers are licensed professionals that help clients nationwide. If you have any questions or concerns call today (800) 442-6828 or contact us by email at help@onereverse.com.