The following appeared in a USA Today article July 29, 2020.
For a senior couple retiring this year, healthcare could cost around $325,000 in retirement, when factoring in Medicare premiums and out-of-pocket costs on prescription drugs. Medical care alone can be enough to drain almost your whole nest egg if you aren’t prepared for it.
But here’s the thing. That’s over 30 years or so and varies with health care spending. Add up your food, property taxes, car expenses over thirty years and see what you get.
The reality is for most retirees the monthly cost per individual for Medicare, Medigap and Part D will be $144+$225+$35 for a total of about $404…increasing with inflation.