How Much Do Retirees Spend on Uncertain Health Costs?


The brief’s key findings are:

  • One risk that retirees face is uncertain out-of-pocket health costs, over and above predictable insurance premiums.
  • The analysis shows that total spending on retirees’ health care – including long-term care and excluding premiums – is high.
  • But insurers like Medicare and Medicaid cover about 80 percent of the costs.
  • As a result, 65-year-old households, on average, are estimated to pay $67,000 out-of-pocket over their remaining lifetime.

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