When RBC asked people how much they think they’ll spend on health care at age 65, they said about $2,700 a year, on average. In reality, experts estimate at age 65, the annual spend on health care for a healthy couple is close to $5,700 per person ($11,400 for a married couple). “These are out of pocket costs,” says Griffin Geisler, a wealth planning consultant with RBC Wealth Management–U.S.
Seniors, and agents, need to look at BOTH sides of the ledger
The real cost of health care in retirement
Health care is a difficult conversation, but planning now can help take the sting out of medical bills.
www.rbcwealthmanagement.com
Seniors, and agents, need to look at BOTH sides of the ledger