The Nationwide® Health Care/LTC Cost Assessment creates a personalized cost estimate, helping you and your clients better plan for the income they'll need to cover health care costs throughout retirement.
Retirement health care cost planning
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.