Check out one of HealthView’s simple interactive tools to get an idea of your projected health care costs in retirement.
The cost of your health care will most likely be the greatest or second greatest financial burden you face in retirement.
It is important to note that an individual’s life expectancy can vary by 20 years and annual health care costs can vary by 50% based on one’s health profile. The simple HealthView tool displays health care costs and life expectancies for healthy men and women.
Understanding your personal situation and expected health care costs in retirement is a critical step to planning for your future financial needs. HealthView provides financial advisors and their clients with projected health care costs and life expectancy information based on the individual’s health status, lifestyle and history of medical conditions.
Are employers leveraging this tool yet to empower their employees to pick insurance plans or budget for retirement?
There are some larger firms who have realized the importance of planning for the future for their clients and have started to discuss figuring out what it will take to cover health care in retirement. But unfortunately for the rest of the financial sector the topic has not been addressed