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Uh-Oh: Good Health Will Cost You More in Retirement CBS MoneyWatch.com (blog)

11.05.10

Damned if you do, damned if you don’t. That’s what I’m thinking after poring over some new research that makes the case that the healthier you are at age 65 the more you’ll end up paying in out of pocket medical expenses over your lifetime.  Yep, good health is going to cost you more money in retirement.

According to the Center for Retirement Research at Boston College , a couple in good health at age 65 in 2009 can look forward to an average tab of $260,000 for out of pocket health care expenses. A couple with at least one chronic disease in the household will end up, on average, spending $40,000 less than that. The gap is even more dramatic at the outlier end of the spectrum; in the 95th percentile for health care costs, the tab for the healthy couple is $570,000 vs. $465,000 for the couple with at least one chronic disease.

This is really giving me second thoughts about maybe l iving it up a bit more to reduce my life expectancy from the mid 90s to something more affordable. I’m kidding. I think.

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Medigap Insurance Rates - News

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