Why planning for health care costs in retirement is so essential

  • Clients often overlook or underestimate health care costs. It's important to know what Medicare covers and what it doesn't, then build a plan to help cover recurring costs such as out-of-pocket premiums and co-pays.
  • Health care needs are often hard to talk about. Aging brings many challenges, and talking about one's mortality can be intimidating and emotional for some.
  • Costs may make up a sizable amount of some retirees' monthly spending needs. Building a personalized plan to help cover costs can help put a client's mind at ease. Consider variables such as medical conditions and the state where they'll reside in retirement.
  • The cost of care has been difficult to estimate. Planning for health care costs is critical — and challenging. That's why we offer trustworthy resources you can use to get a more accurate picture of a client's expenses.

The Nationwide® Health Care/LTC Cost Assessment

This tool can help you estimate your client’s future health care costs. Our partnership with HealthView Services uses actuarial science to deliver a customized report. By completing our fact finder with client-specific information, you will receive a report that:

  • Forecasts their health care expenses
  • Estimates their annual Medicare and out-of-pocket expenses
  • Provides personalized details they can act on
Get the fact finder