How much do retirees spend on uncertain health costs?

Arapakis, Karolos. “How much do retirees spend on uncertain health costs?”. Issue in Brief 22-14, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, August 2022. http://hdl.handle.net/2345/bc-ir:109544.
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Abstract

The brief's key findings are: (1) One risk that retirees face is uncertain out-of-pocket health costs, over and above predictable insurance premiums. (2) The analysis shows that total spending on retirees' health care -- including long-term care and excluding premiums -- is high. (3) But insurers like Medicare and Medicaid cover about 80 percent of the costs. (4) As a result, 65-year-old households, on average, are estimated to pay $67,000 out-of-pocket over their remaining lifetime.

Title
How much do retirees spend on uncertain health costs?
Author
Arapakis, Karolos
Center
Center for Retirement Research
Genre
report
Date Issued
August 2022
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
22-14
Persistent Link
http://hdl.handle.net/2345/bc-ir:109544
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Health/Long-Term Care

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