|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 2018 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 2018 has
been adjusted to 2020 based on 3.8% 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.
|Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to
investment risk, including the possible loss of value.
NOT FDIC-INSURED. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY THE BANK. MAY GO DOWN IN VALUE.
|Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2020.