Four Questions to Answer in Your Retirement Healthcare Strategy Sachs Financial

Healthcare might be one of the most expensive cost categories for you in retirement. And believe it or not, not all Medicare programs are free and can be complex to navigate. So, what are the key questions to begin the healthcare planning conversation?

Question 1: How much will my medical expenses be in retirement?

Your retirement healthcare costs can vary significantly based on your individual health needs, location, and the availability of employer-sponsored retiree health benefits. On average, a 65-year-old couple retiring in 2023 will need approximately $315,000 to cover healthcare expenses throughout retirement.[1] However, it’s important to note that this figure can fluctuate based on inflation and your personal health circumstances.

Factors contributing to retirement healthcare c