Most people are painfully aware of the staggering health-care costs they're likely to face in retirement, and most are pretty worried about it — as they should be.
For a 65-year-old healthy couple retiring this year, the average cost for health-care — including medical, dental and vision — is $394,954 (assuming they're covered by Medicare Parts B and D and a supplemental insurance policy). For a 55-year-old couple retiring in 10 years, the number jumps to $463,849.
According to one study, 74 percent of American couples are worried about being able to afford unexpected health-care costs in retirement. However, 37 percent have yet to consider the impact of potential health-care costs on their retirement savings and just 22 percent have factored it into their retirement plan.
Part of the problem is that people are unaware of the options available to them. Another is that the options that exist tend to be complicated and costly. However, experts say it's important to research your options and plan accordingly to avoid depleting the retirement funds you worked so hard to accumulate.