This may jeopardize your retirement

The rising cost of health care in the United States has become one of the main risks for a financially secure retirement. With the cost of health care should continue to rise faster than inflation, the time to plan your future health care needs now before retiring. Here are some things you'll need to plan:

long-term care: Are you familiar with the variety of long term care services available? If it becomes necessary, what type of services do you prefer? How will you pay for them? Have you looked in the long term care insurance

Advance directives :? Have you contacted your medical care wishes in the event you suffer a catastrophic medical event? Have you appointed someone else, another family member or spouse to make medical decisions for you in case you are incapacitated

Paying for retirement health care: Do you know what your out-of-pocket costs for health care could be after you retire? Did you know that Medicare while covering many of the costs of health care, has important limitations? Are you familiar with the different types of insurance that can help pay the costs of health and long-term care is not covered by Medicare

Did you know: ?

In 2013, males aged 65 have a life expectancy average additional 17.8 years, while women aged 65 can expect to live 20.4 years on average. (Source: Profile of Older Americans: 2013, US Department of Health and Human Services)

A 65-year couple who retired in 2014 needs about $ 220,000 to cover medical expenses retired [

While estimates vary, a couple to retire at age 65 without private health insurance from a former employer can expect to pay the costs of out-pocket health care important during their retirement years. Fidelity Investments, for instance, estimates that a couple of 65 years who retired in 2014 needs about $ 220,000 to cover medical expenses in retirement. This estimate does not include dental expenses, long term care or over-the-counter medicines. (Source: 2014 health care of retirees Cost Estimation, Fidelity Investments)

At least 70% of people over 65 will need services and long-term at a time supportive care given to their life (Source: 2015 Medicare & You, centers for Medicare & Medicaid services)

The national median daily rate in 2014 for a private room in a nursing home was $ 240, an increase of 4 35% compared to 2013. (Source: Genworth 2014 Cost of care Survey, March 2014)

the average length of stay in the nursing home is 835 days. (Source: Civil CDC and Health Statistics, Series 13, No. 167, June 09)

At a median daily rate of $ 240, an average stay of 835 days of nursing home now costs more $ 0,000

If you would like assistance in planning your health care needs in retirement, you contact an agent or advisor.