Retired Couples at Age 65 Need at Least $235,000 for Health Care Costs in Retirement

OPEN MINDS On-Line News Strategic Health Care News Married couples at age 65 would need current savings of $235,000 to have a high likelihood of affording their health care costs in retirement. This estimate assumes that couples have both Medicare and subsidized insurance premiums as a retirement benefit from a former employer. Couples without subsidized insurance would need $376,000 in current savings to have a high likelihood of covering their retirement health care costs. Couples with individually purchased insurance plans to supplement Medicare would need $635,000. These are findings from an Issue Brief entitled “Savings Needed . . .