Healthcare Cost Estimator
Estimate your lifetime healthcare costs in retirement including Medicare premiums, out-of-pocket expenses, and long-term care insurance. Plan ahead for one of retirement's biggest expenses.
Health Information
506275
62 years old
758595
85 years
Medicare Premiums
$2,400
$200 per month
Out-of-Pocket Medical
$4,500
$375 per month
LTC Insurance
$5,100
$425 per month
Total Annual Healthcare
$12,000
$1,000 per month
Lifetime Healthcare Costs
$276K
Total estimated healthcare costs from age 62 to 85
Breakdown:
Medicare Premiums:$55K
Out-of-Pocket:$104K
LTC Insurance:$117K
Annual Healthcare Cost Breakdown
Planning Tips
💡Healthcare costs typically increase with age. Budget for 3-5% annual increases above inflation.
💡Consider a Health Savings Account (HSA) for tax-advantaged healthcare savings if eligible.
💡Long-term care insurance becomes more expensive with age. Consider purchasing in your 50s or early 60s.
💡Medicare Supplement insurance can help cover gaps in Medicare coverage.
💡Maintaining good health through diet and exercise can significantly reduce healthcare costs.