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Retiree Medical Costs Are Expected to Moderate but Remain High

Retirees just got some encouraging news: Coming changes to Medicare rules for prescription drugs may help rein in their health costs. In part because of recently enacted limits on retiree prescription drug costs, the estimated cost of health and medical care in retirement overall didn’t rise this year, according to an annual analysis from Fidelity Investments. Sign up for The Morning newsletter from the New York Times A 65-year-old retiring this year can expect to spend an average of $157,500 on

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Here s some shocking news about the cost of retiree healthcare

Here s some shocking news about the cost of retiree healthcare
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Fidelity® Releases 2023 Retiree Health Care Cost Estimate: For the First Time in Nearly a Decade, Retirees See Relief as Estimate Stays Flat Year-over-Year

Fidelity® Releases 2023 Retiree Health Care Cost Estimate: For the First Time in Nearly a Decade, Retirees See Relief as Estimate Stays Flat Year-over-Year
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United statesDeanna spauldingFidelity centerFidelity retiree health care costFidelity brokerage servicesNational financial servicesFidelity distributors companyFidelity medicare servicesHealth careRetiree health care costFidelity health insurance servicesFidelity investmentsSociety of actuarieRevenue serviceHealth savingsRecently enacted medicare partd protections

Here s some shocking news about the cost of retiree healthcare

Here s some shocking news about the cost of retiree healthcare
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Helping Employees Prepare for Current and Future Health Care Costs

Similar to the shift from defined benefit to defined contribution retirement plans, employees and retirees now need a plan for addressing health care costs.

Regina ihrkeRoy ramthunJennifer demeoBrea dantinLuann heinenNick austinBusiness group on healthCurrent health careRetiree health care costKaiser family foundationConsulting servicesKaiser family foundation health care debtHealth savings accountsfor retiree careKaiser familyWillis towersFamily foundation health care debt survey