The Rise of Retiree Healthcare Costs

The future of retiree health care costs is on the rise. In fact, the Employee Benefit Research Institute released numbers for 2023 showing an 8% increase in retiree healthcare costs for the year. Stay tuned as Phil and Marc unpack these latest figures, which suggest that a typical U.S. couple may need upwards of $413,000 to cover their healthcare expenses in retirement.

 

Here’s some of what we discuss in this episode:

0:00 – Intro

1:20 – The 8% increase in healthcare costs in the U.S.

4:56 – Pros and cons of Medigap and Advantage plans

8:37 – How Phil’s office helps clients with healthcare

11:17 – Understanding the costs and complexities of Medicare and Medicaid

 

Resources for this episode:

https://www.fa-mag.com/news/retiree-healthcare-costs-increased-8--in-2023-76822.html

 

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