Middle-Class Americans’ retirement health care costs are slated to rise past Social Security benefits, according to the latest Retirement Health Care Cost Index©.
Data from the Index measures the percentage of Social Security benefits required to pay for health care-related costs in retirement for a healthy couple receiving the average expected Social Security benefit at full retirement age.
Retirement health care costs will increase from 69 percent of Social Security benefits for a couple retiring in one year to 98 percent of Social Security benefits for a healthy couple retiring in 10 years. For couples retiring in 20 years, 127 percent of Social Security benefits will be required to cover healthcare costs, and couples retiring in 32 years will need 190 percent of their Social Security benefits to cover healthcare costs.
Monitoring your health and making healthy choices while saving consumers money is the foundation QS Health was built on. We provide well-made products from the top manufacturers in the industry at costs that show we not only care about your health- but also your bottom line. We offer prime services and solutions with the goal of providing world class technology in health care products, at highly competitive prices; always focusing the improvement of the quality of your life.
For an average healthy couple retiring next year, retirement health care costs will amount to approximately $366,599 in today's dollars. In another 10 years, reflecting estimated health care cost inflation and Social Security cost of living adjustments, costs will rise to approximately $421,083 in today's dollars. Begin today by monitoring your health with our technology tools and buying the health care products you need at low cost prices.
Health care analysts predict many Americans will have to earmark their Social Security benefits to pay for health care and rely on other assets and sources of income to pay for living expenses in retirement such as housing, transportation, travel, taxes and food.
The gap between health care cost inflation of 5-7 percent and the 2 percent expected cost of living increases in Social Security will drive the increasing portion of Social Security required for future retirees' health care costs.
"The Index reveals an ugly truth that will come as a shock to many: Over the course of time, retirees will need to use their entire Social Security benefit just to pay for health care," said Ron Mastrogiovanni, Founder and Chief Executive Officer of HealthView Services in a statement.
QS Health offers products for people of all sides of the health spectrum with varying medical issues. QS Health Orthopedic and Podiatric Products provide cushioning protection with the added benefit of skin moisturizing. QS Health also sells a range of digital technology product lines to monitor internal health levels and display readings easily.
Data from the Index measures the percentage of Social Security benefits required to pay for health care-related costs in retirement for a healthy couple receiving the average expected Social Security benefit at full retirement age.
Retirement health care costs will increase from 69 percent of Social Security benefits for a couple retiring in one year to 98 percent of Social Security benefits for a healthy couple retiring in 10 years. For couples retiring in 20 years, 127 percent of Social Security benefits will be required to cover healthcare costs, and couples retiring in 32 years will need 190 percent of their Social Security benefits to cover healthcare costs.
Monitoring your health and making healthy choices while saving consumers money is the foundation QS Health was built on. We provide well-made products from the top manufacturers in the industry at costs that show we not only care about your health- but also your bottom line. We offer prime services and solutions with the goal of providing world class technology in health care products, at highly competitive prices; always focusing the improvement of the quality of your life.
For an average healthy couple retiring next year, retirement health care costs will amount to approximately $366,599 in today's dollars. In another 10 years, reflecting estimated health care cost inflation and Social Security cost of living adjustments, costs will rise to approximately $421,083 in today's dollars. Begin today by monitoring your health with our technology tools and buying the health care products you need at low cost prices.
Health care analysts predict many Americans will have to earmark their Social Security benefits to pay for health care and rely on other assets and sources of income to pay for living expenses in retirement such as housing, transportation, travel, taxes and food.
The gap between health care cost inflation of 5-7 percent and the 2 percent expected cost of living increases in Social Security will drive the increasing portion of Social Security required for future retirees' health care costs.
"The Index reveals an ugly truth that will come as a shock to many: Over the course of time, retirees will need to use their entire Social Security benefit just to pay for health care," said Ron Mastrogiovanni, Founder and Chief Executive Officer of HealthView Services in a statement.
QS Health offers products for people of all sides of the health spectrum with varying medical issues. QS Health Orthopedic and Podiatric Products provide cushioning protection with the added benefit of skin moisturizing. QS Health also sells a range of digital technology product lines to monitor internal health levels and display readings easily.
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