Comment on Retirement Healthcare Costs Are Rising Twice as Fast as Social Security

Retirement Healthcare Costs Are Rising Twice as Fast as Social Security

For years, older workers have been warned to prepare for rising healthcare costs in retirement. But the latest projections on medical care paint a pretty bleak picture for seniors who plan to get the majority of their retirement income from Social Security.In a new report from HealthView Services, a provider of cost projection software, healthcare costs in retirement are rising twice as fast as the typical annual increase in Social Security benefits -- so much so that over time, retiree healthcare costs are likely to exceed what they collect in Social Security.

 

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