Despite the recent increase in discussion around the need to save wisely for retirement, many Americans underestimate the healthcare costs they will face when they retire. In a study conducted by HSA Bank, 67% of consumers believe they will need less than $100,000 for healthcare expenses in retirement, and 82% believe they will need less than $200,000.[1] According to Health View Services, a healthy 65-year-old couple retiring today can expect to pay over $360,000 in healthcare expenses alone during retirement when including supplemental insurance, Medicare Parts B and D, copays, deductibles, and all other out-of-pocket costs.
