|First Community Financial Corporation|
146 Stoney Creek Drive
Mifflintown, PA 17059
|Cost of Health Care in Retirement Calculator
|Cost of Health Care in Retirement Calculator|
This calculator will estimate the cost of health care for your first year of retirement and
the present value of all your future health-care costs as of the start of retirement.
The average out-of-pocket health-care costs used in this calculator are based on 2020 data
from the U.S. Bureau of Labor Statistics Consumer Expenditure Survey. Health-care costs
include payments for health insurance, medical services, drugs, and medical supplies.
The average out-of pocket cost includes essentially all out-of pocket costs, including premiums,
deductibles, co-pays, and costs not covered by Medicare or other insurance. Data from 2020 has
been adjusted to 2022 based on 3.7% inflation. Costs are adjusted for inflation in later years
based on your input for the cost of health-care inflation factor.
Annual health-care costs are assumed to occur ratably at the end of each month in a year.
This calculator does not take into account the effect of federal or state taxes, or any
investment fees or expenses.
This is a hypothetical example, intended for illustration purposes only; it does not reflect
the performance of any specific investment or portfolio.
Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. The information presented here is not specific to any individual's personal circumstances.
To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.
These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.
|Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2022.