Retirees need $250,000 for health care + according to study
#1
Retirees need $250,000 for health care + according to study
http://news.yahoo.com/s/ap/20080305/...ee_health_care
New study out says that retirees should budget $250,000 for health care + MEDICARE.
Since we asked so often about 'I want to retire to the US' I thought it would be a good thread to start so people can have an idea of the costs.
"The Fidelity study, which has been conducted annually since 2002, assumes workers do not have employer-sponsored retiree health care coverage. It includes expenses associated with Medicare premium payments as well as co-payments and deductibles, plus out-of-pocket prescription drug costs."
New study out says that retirees should budget $250,000 for health care + MEDICARE.
Since we asked so often about 'I want to retire to the US' I thought it would be a good thread to start so people can have an idea of the costs.
"The Fidelity study, which has been conducted annually since 2002, assumes workers do not have employer-sponsored retiree health care coverage. It includes expenses associated with Medicare premium payments as well as co-payments and deductibles, plus out-of-pocket prescription drug costs."
#2
Forum Regular
Joined: Sep 2005
Posts: 146
Re: Retirees need $250,000 for health care + according to study
Yea was just reading that. /clap /clap /clap
#3
Bloody Yank
Joined: Oct 2005
Location: USA! USA!
Posts: 4,186
Re: Retirees need $250,000 for health care + according to study
I have a plan to address this - I intend to stop aging at age 42. (I realize that most women stop doing this at about 30 or so, but I'm a bit less high maintenance.) Not only will this provide a considerable savings, but I'll also be spared from ever being branded as a codger or a lecher.
My hairstylist is cooperating fully with this effort. The Oil of Olay is a bit hard on the stomach, but I'm told that I'll get used to it. Wish me luck.
My hairstylist is cooperating fully with this effort. The Oil of Olay is a bit hard on the stomach, but I'm told that I'll get used to it. Wish me luck.
#4
Re: Retirees need $250,000 for health care + according to study
http://news.yahoo.com/s/ap/20080305/...ee_health_care
New study out says that retirees should budget $250,000 for health care + MEDICARE.
Since we asked so often about 'I want to retire to the US' I thought it would be a good thread to start so people can have an idea of the costs.
"The Fidelity study, which has been conducted annually since 2002, assumes workers do not have employer-sponsored retiree health care coverage. It includes expenses associated with Medicare premium payments as well as co-payments and deductibles, plus out-of-pocket prescription drug costs."
New study out says that retirees should budget $250,000 for health care + MEDICARE.
Since we asked so often about 'I want to retire to the US' I thought it would be a good thread to start so people can have an idea of the costs.
"The Fidelity study, which has been conducted annually since 2002, assumes workers do not have employer-sponsored retiree health care coverage. It includes expenses associated with Medicare premium payments as well as co-payments and deductibles, plus out-of-pocket prescription drug costs."
Nevertheless, this is still an awful lot....
#5
Re: Retirees need $250,000 for health care + according to study
I have a plan to address this - I intend to stop aging at age 42. (I realize that most women stop doing this at about 30 or so, but I'm a bit less high maintenance.) Not only will this provide a considerable savings, but I'll also be spared from ever being branded as a codger or a lecher.
My hairstylist is cooperating fully with this effort. The Oil of Olay is a bit hard on the stomach, but I'm told that I'll get used to it. Wish me luck.
My hairstylist is cooperating fully with this effort. The Oil of Olay is a bit hard on the stomach, but I'm told that I'll get used to it. Wish me luck.
#6
Re: Retirees need $250,000 for health care + according to study
They give the age/length of time for this expenditure to encompass, i.e. age 65 to 91?
http://news.yahoo.com/s/ap/20080305/...ee_health_care
New study out says that retirees should budget $250,000 for health care + MEDICARE.
Since we asked so often about 'I want to retire to the US' I thought it would be a good thread to start so people can have an idea of the costs.
"The Fidelity study, which has been conducted annually since 2002, assumes workers do not have employer-sponsored retiree health care coverage. It includes expenses associated with Medicare premium payments as well as co-payments and deductibles, plus out-of-pocket prescription drug costs."
New study out says that retirees should budget $250,000 for health care + MEDICARE.
Since we asked so often about 'I want to retire to the US' I thought it would be a good thread to start so people can have an idea of the costs.
"The Fidelity study, which has been conducted annually since 2002, assumes workers do not have employer-sponsored retiree health care coverage. It includes expenses associated with Medicare premium payments as well as co-payments and deductibles, plus out-of-pocket prescription drug costs."
#7
Re: Retirees need $250,000 for health care + according to study
Is that $225000 in savings if you have no other income or you need that plus whatever pension you get.
#9
Re: Retirees need $250,000 for health care + according to study
The original press release with citations is here: http://personal.fidelity.com/myfidel...shtml?refhp=pr
#10
Lost in BE Cyberspace
Joined: Jan 2008
Posts: 41,518
Re: Retirees need $250,000 for health care + according to study
OMG help.
#13
Re: Retirees need $250,000 for health care + according to study
Much cheaper than bothering with some cumbersome health system, I expect this will be introduced instead.
On the bright side, we can all live in shopping malls and have Farah Fawcett as a neighbour.
Not to mention Jenny Agutter.
On the bright side, we can all live in shopping malls and have Farah Fawcett as a neighbour.
Not to mention Jenny Agutter.
#15
Lost in BE Cyberspace
Joined: Jan 2008
Posts: 41,518
Re: Retirees need $250,000 for health care + according to study
"Fish, plankton, sea greens... protein from the sea!"