Required Savings For Certain Medicare Retiree Health Care Costs Increased 6.5% Since 2022

Between 2022 and 2024, savings needed for a healthy 65-year-old retired couple under original Medicare, plus Medigap (Plan G), plus the prescription drug benefit (Part D) increased 6.5%, from approximately $371,000 in 2022 to $395,000 in 2024, assuming an investment return of 3% per year. According to an analysis by Milliman, the 2024 numbers break down to $188,000 for the man's health care, and $207,000 for the woman's health care. However, savings needed for the same couple using Medicare Advantage plus Part D decreased 6.7% to $182,000 ($86,000 . . .