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The cost of health care in retirement

Health care costs may represent your largest expense in retirement. Following are the median savings needed to cover health care expenses throughout retirement for an individual retiring in 2019 at age 65.*


* Source: Employee Benefit Research Institute, Notes, June 2009, ebri.org. Savings needed to cover Medigap premiums, Medicare Part B premiums, Medicare Part D prescription drug premiums, and out-of-pocket drug expenses for individuals who do not receive employer-based health insurance (subsidized or unsubsidized) in retirement. Figures do not include the cost of long-term care.
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Wells Fargo & Company 401(k) Plan, published by Wells Fargo Institutional Retirement and Trust, provides general information on savings, investments and retirement planning. It is not intended to provide advice regarding the investment needs of specific individuals. Recordkeeping, trustee, and/or custody services are provided by Wells Fargo Institutional Retirement and Trust, a business unit of Wells Fargo Bank, N.A. Images may be from one or more of these sources: ©Thinkstock, ©iStock, ©Fotolia. ©2010 Wells Fargo Bank P66375 0610
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