Insurance Agent Forum

[MHart]

I found this article today intersting from USA today:

Fidelity: Couple needs $225,000 for retirement health care - USATODAY.com

With this coming out don't you see the value of health savings accounts even more by saving on premium and using the other money in the savings account for future medical expenses. What do you guys think of this article?

[salpro22]

Originally Posted by MHart

I found this article today intersting from USA today:

Fidelity: Couple needs $225,000 for retirement health care - USATODAY.com

With this coming out don't you see the value of health savings accounts even more by saving on premium and using the other money in the savings account for future medical expenses. What do you guys think of this article?

Very interesting articles. I read somewhere (have to find the link) that a couple will need $300,000 in savings to cover medical expenses during retirement starting from age 65. Take that number and spread it out over 20 years and you're looking at $1250 p/month.

Do any of the senior sales agents have clients spending that amount of money per month on ALL medical expenses?

[Mr. Bill]

Fidelity had it at $200,000 a few years ago. I guess there's inflation - could it possibly be???

[James]

Originally Posted by MHart

I found this article today intersting from USA today:

Fidelity: Couple needs $225,000 for retirement health care - USATODAY.com

With this coming out don't you see the value of health savings accounts even more by saving on premium and using the other money in the savings account for future medical expenses. What do you guys think of this article?

Not to mention a good WL full of Cash! See, WL is great! Sorry, just had to throw that in!

[senior-advisor-indiana]

That seems pretty high. They would have to spend about 1k a month on rx.