Health Care Planning for Women
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Health Care Planning for Women

Statistically speaking, women are the more fortunate sex in living longer lives, besting their male companions by an average of nearly five additional years.1 But those extra years can be a struggle for women who are widowed, especially after a losing a spouse following expensive long-term care treatment. Women are more likely to provide informal long-term care to family members, yet only 38% of women over age 75 have a spouse to provide care for them.

 Women Infographic 

For married couples, planning for retirement health care costs takes on added significance:

  • Planning may help a surviving spouse avoid financial trouble by covering potential long-term care costs for an ailing partner.
  • Because the surviving spouse will likely be alone when care is needed, planning helps ensure both health care and long-term care costs are covered.

What you can do

Plan to meet with both spouses together to discuss coverage for retirement health care and long-term care expenses. Be sure to include in your discussion planning to provide continued financial support for the surviving spouse.

Additional resources:

1 The 2014 Sourcebook for Long-term Care Insurance Information — AALTCI 2014.

2 U.S. Department of Health and Human Services, Longtermcare.gov, 2013.

U.S. Department of Health and Human Services, National Clearinghouse for Long-term Care Information, 2013