Investing Blog Roundup: How Much Do Retirees Spend on Out-of-Pocket Health Care?

Karolos Arapakis of the Center for Retirement Research at Boston College recently released a brief (adapted from a longer paper) that addressed the question: how much do retirees pay in lifetime out-of-pocket health costs, excluding premiums and including long-term care?

The finding: a 65-year-old single person will pay, on average, about $56,250 in out-of-pocket costs over their remaining lifetime (in 2021 dollars). For a couple, that figure is $80,000. At the 90th percentile of such spending, the total is about $111,250 for single people and $163,750 for couples.

• How Much Do Retirees Spend on Uncertain Health Costs? from Karolos Arapakis (pdf)

Recommended Reading

• How Will the Prescription Drug Provisions in the Inflation Reduction Act Affect Medicare Beneficiaries? from Juliette Cubanski, Tricia Neuman, Meredith Freed, and Anthony Damico
• Shareholder Activists’ Lack of Recent Success: Causes and Implications from Kurt Moeller
• Don’t Ignore Direct Indexing. For the Right Client, It Has Real Benefits. from Allan Roth
• Forget What You Know about Stock Returns from Michael Finke
• Why Have TIPS Lost Money This Year During High Inflation? from Ben Carlson
• All the Personal-Finance Books Are Wrong from Derek Thompson
• Barbara Ehrenreich, Explorer of Prosperity’s Dark Side, Dies at 81 from Natalie Schachar

Thanks for reading!