A service holder in his or her middle age must think about the amount he/she require after retirement to lead a happy, healthy and comfortable life. This is something that gives us a lot if stress. Of all the other expenses after retirement, healthcare is one of the major aspects According to a report, a couple usually requires around $2, 20,000 after retirement to cover their medical expenses when the average life expectancy for a husband is 62 years and wife is 85 years.
But the above estimate only covers the medical expenses. The couple has to spend an additional amount for nursing home cost and ailment cost. You must plan for your retirement expenses while you are in service as this medical expense is likely to wash away major portion an individual’s expense.
According to the research laid down in benefit provided by the private sector to its employees, they do not cover health benefit or a retiree. There are many organizations that provide health benefits to the retirees. While availing the benefits, the retiree has to face the tightened eligibility, raised premiums and reduction in benefits.
Employers do not hold any obligation to provide an adequate retiree health benefits. Even, there is a chance for the future retirees to get negligible health benefits after retirement. Unfortunately, the employers make changes on them as well. If you have a medical insurance or Medicare, it will only cover 60% of your health care services and treatment. The best way to get away from all troubles will be to stay fit and avoid sickness.