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May 16, 2013

Future retirees will save on health care

  • Fidelity Investments projects a 65-year-old couple retiring this year would need $220,000 on average to cover medical expenses, an 8 percent decrease from last year's estimate of $240,000.
    • By MATTHEW PERRONE
    AP Health Writer

    WASHINGTON — After years of increasing health care costs, the outlook is improving for seniors worried about paying their medical bills during retirement.

    For the second time in the last three years, estimated medical expenses for new retirees have fallen, according to a study released Wednesday by Fidelity Investments. A 65-year-old couple retiring this year would need $220,000 on average to cover medical expenses, an 8 percent decrease from last year's estimate of $240,000. The study assumes a life expectancy of 85 for women and 82 for men.


     
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