The bad news: A 65-year-old couple retiring this year will need $230,000 to pay for medical expenses throughout retirement, not including nursing home care.
The good news: That's an 8 percent decline from last year's $250,000 cost.
Brad Kimler, executive vice president of Fidelity Investments' Benefits Consulting business, said the decline came from Medicare changes contained in two parts of the Obama administration health are law enacted last year that reduced out-of-pocket expenses for prescriptions drugs for many seniors.