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This Chart Shows How Much Health Care Will Cost in Retirement – at Every Age

November 5, 2018

From the Time Money website

Here’s some good news about medical expenses in retirement: health care inflation has slowed over the past year, lowering your projected lifetime tab, according to a new report. And here’s the bad news: even at this lower growth rate, health care expenses are a runaway train that can plow a hole into the most carefully constructed budget.

Retirement health care expenses are projected to rise at an average annual rate of 4.2%, versus an estimated 5.5% last year, according to a report released last week by HealthView Services, a Danvers, Massachusetts-based company that provides retirement health care cost data and tools to financial advisors. The report attributed this decline primarily to slower growth in the cost of prescription drugs.

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