Today’s rising costs put financial futures at risk.
For many Americans, skyrocketing health care costs create anxiety about their future financial plans, including how much they can save and when they can retire.
55%
are concerned that health care costs will delay plans to retire or stay retired.
71%
worry that Medicare won’t be enough to cover their future medical needs.
Close the gap between awareness and action.
Many Americans understand the importance of health care cost planning, but few are taking action. Financial professionals can help clients close this gap with tools and resources that make it easier to plan for future health care costs.
Two thirds of U.S. adults (66%) can’t estimate how much they expect to need for health care costs in retirement.
About three quarters of US adults (74%) wish they understood Medicare coverage better.
Become a trusted resource for health care cost planning.
As clients confront the complexities of health care cost planning, financial professionals have the opportunity to help them understand and prepare for the challenges ahead. A majority of U.S. adults (90%) believe that managing health care costs should be part of personal financial planning.
agree it’s extremely important that healthcare costs are easy to understand
of those who pay to work with a financial professional or those who do not have a financial professional but plan to ask one about Medicare benefits in the future would switch to a financial professional who could help navigate their Medicare choices if theirs couldn’t.
Nationwide offers support and solutions for financial professionals to help build clients’ confidence about their financial future. Tools such as the Nationwide Health Care Cost Assessment simplify the complexities of retirement health care planning so you can integrate these costs into your clients’ overall financial plan.
See how Nationwide can help you personalize planning for health care costs.