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Our Thinking

Creating a “Healthy” Plan for Retirement

Creating a “Healthy” Plan for Retirement
Strategies for Paying Your Share of Health Care Costs
How Much is Enough?

Average Annual Out-of-Pocket Health Care Costs Per Retiree

Average Annual Out-of-Pocket Health Care Costs Per Retiree
Health Status icon

Health Status

Costs shown in the chart (above) are averages. Plan to pay more if you need extra care or expensive prescription
Marital Status icon

Marital Status

The chart (at right) shows costs per person; couples should prepare to pay more.
Current Age icon

Current Age

Costs shown are for people already in retirement. The younger you are, the higher your expenses will likely be when you retire, due to health care inflation.
Life Expectancy icon

Life Expectancy

Depending on your family history and lifestyle, you may live longer than average—and incur higher expenses.
Five Tips When Planning and Investing for Health Care Costs
Put your plan on paper
Article Healthy Plan Retirement People
Expect health care to rise faster than other expenses
Article Healthy Plan Retirement Percent
Don’t invest more aggressively…just invest more

Four Investing Variables—and How They Relate to Health Care

Asset allocation

Investments earmarked for health care should be in line with your overall risk tolerance

Cost of goal

Insurance premiums and medical costs are largely beyond your control

Timing of goal

Medicare eligibility begins at age 65

Savings rate

Increasing monthly savings is the best way to prepare for health care costs

Consider long-term care insurance
Article Healthy Plan Retirement People
Article Healthy Plan Retirement People
“It’s hard to pinpoint a specific savings goal for long-term care because you might never need it or you might need more than you can afford. That’s why long-term care insurance is usually the better route.”


Executive Director, WEALTH STRATEGIST
Start planning for health care at age 50

More Factors to Consider When Planning Health Care Costs

<p>Income</p> icon


<p>Gender</p> icon


<p>State of Residence</p> icon

State of Residence

<p>Medicare Reforms</p> icon

Medicare Reforms


The information within this document is being provided for informational and educational purposes only. It is not intended to provide specific advice or recommendations for any individual. You should carefully consider your needs and objectives before making any decisions. For specific guidance on how this information should be applied to your situation, you should consult the appropriate financial professional.


JPMorgan Chase & Co., its affiliates, and employees do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal and accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transaction.


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