November 22, 2024

Retiree healthcare costs jump almost 5% to $165,000 — more than double the 2002 rate

 Retiree healthcare costs jump almost 5% to $165,000 — more than double the 2002 rate

Retiree healthcare costs jump almost 5% to $165,000 — more than double the 2002 rate

A 65-year-old retiring this year can expect to spend an average of $165,000 on healthcare and medical expenses during their retirement — up nearly 5% from a year ago and more than double the forecast in 2002, according to Fidelity Investments.