© 2022 All Rights reserved WUSF
News, Jazz, NPR
Play Live Radio
Next Up:
Available On Air Stations
Health News Florida
Healthy State tells the stories you need to know to stay well, with a special focus on Florida.We'll bring you the latest fitness trends, new research on preventing and treating disease, and information about how health policy impacts your pocketbook.We report on health using all the tools at our disposal -- video, audio, photos and text -- to bring these stories to life.Healthy State is a project of WUSF Public Media in Tampa and is heard on public radio stations throughout Florida. It also is available online at wusfnews.org.

Planning to Retire? Plan to Spend More on Health Care


Fidelity Investments says couples sailing off into the sunset will be doing so with less cash in pocket.

It's part of a long trend of rising health care costs for retirees -- up 4 percent since last year.

"As long as health care cost trends exceed personal income growth and economic growth, health care will still be a growing burden for the country as a whole and for individuals," says Sunit Patel, a senior vice president for benefits consulting at Fidelity.

The study is based on projections for a 65-year-old couple retiring with Medicare coverage. Fidelity estimates couple's will spend $240,000 on health care this year.

The estimate does take into account the federal program's premiums, co-payments and deductibles. It also factors in out-of-pocket prescription costs. The study assumes the couple does not have insurance from their former employers.

And while the increase most likely won't be welcomed by retirees, it's actually modest compared to years past. Since 2002, Fidelity says, health care costs have increased 6 percent  per year. 




WUSF 89.7 depends on donors for the funding it takes to provide you the most trusted source of news and information here in town, across our state, and around the world. Support WUSF now by giving monthly, or make a one-time donation online.