How Much Do Retirees Spend on Out-of-Pocket Health Care? — Oblivious Investor

Karolos Arapakis of the Center for Retirement Research at Boston College recently released a brief (adapted from a longer paper) that addressed the question: how much do retirees pay in lifetime out-of-pocket health costs, excluding premiums and including long-term care?

The finding: a 65-year-old single person will pay, on average, about $56,250 in out-of-pocket costs over their remaining lifetime (in 2021 dollars). For a couple, that figure is $80,000. At the 90th percentile of such spending, the total is about $111,250 for single people and $163,750 for couples.

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