The Hidden Costs of Healthcare After Retirement

One of the biggest financial surprises in retirement is how much healthcare actually costs. Even if you have health coverage, you’ll likely still face expenses like premiums, deductibles, co-pays, prescription drugs, and services that aren’t covered—like dental, vision, and long-term care.

These costs add up quickly. Studies show the average retired couple could need hundreds of thousands of dollars to cover healthcare expenses throughout retirement. And since people are living longer than ever, those costs only continue to grow. Unfortunately, many people underestimate how much they’ll need, leaving them vulnerable to financial stress later in life.

The good news is that with the right planning, you can prepare for these expenses. From supplemental insurance to life insurance with living benefits to long-term care coverage, there are tools available that help protect your retirement income.

Let’s talk about your healthcare strategy in retirement. Contact us today to create a plan that helps safeguard your savings and your peace of mind.