Alight's latest research shows that healthcare costs in retirement can range from approximately $55,000 to more than $420,000 over a lifetime, starting at age 65. Costs vary based on four key factors:
- Medicare coverage selected
- Geographic location
- Health status
- Retirement horizon/longevity
Why Medicare Coverage Choices Matter
Alight's research found that Medicare coverage decisions alone can result in differences of tens of thousands of dollars in lifetime healthcare spending.
Alight Retiree Health Resources