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Home > TIME's Top Stories > This Is How Much the Average Couple Will Spend on Health Care Costs in Retirement
Podcast: TIME's Top Stories
Episode:

This Is How Much the Average Couple Will Spend on Health Care Costs in Retirement

Category: News & Politics
Duration: 00:02:07
Publish Date: 2018-04-23 06:47:53
Description: The average couple retiring today at age 65 will need $280,000 to cover health care and medical costs in retirement, according to an annual estimate by Fidelity, released Thursday. The good news is that the figure is up only 2% from last year’s estimate of $275,000, a smaller-than-average increase. The bad news, of course, is that it’s still a huge number, reinforcing the fact that Medicare coverage is neither free nor completely comprehensive.
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