Articles for Financial Advisors

Current Health Care Costs

Current Health Care Costs

A 2013 report by Fidelty Investments estimates that a 65-year-old couple retiring in 2012 would need $240,000 in savings to pay for out-of-pocket health care costs for the rest of their lives. The $240,000 figure does not include long-term care costs.


The median annual cost of private room nursing home care in the U.S. is $84,000 (source: Genworth 2013 Cost of Care Survey). Round-the-clock skilled nursing care in the home can cost as much as $10,000 a week.


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