RETIREMENT HEALTH CARE COST ESTIMATE (2022)
01.Core Concepts
• Fidelity Investments’ Retiree Health Care Costs 2022 estimates • A 65-year-old retired individual will spend $157,500 ($315,000 for a married couple) on out-of-pocket health care expenses during their retirement years. • Expenses are broken down as follows: • 39% Medicare Parts B and D premiums and Medigap premiums • 17% prescription drug copays • 44% other medical expenses such as deductibles, copays, and coinsurance