Help your financial planning clients save for health care costs in retirement
How much will your clients need to cover health care costs in retirement? The answer will depend on many different factors, including their health needs, the cost of care, plan premiums and the number of years spend in retirement.
According to a recent study, a 65-year-old couple retiring in 2019 can expect to spend $285,000 or more on health care costs during their retirement years. That cost doesn’t include help from Medicare or long-term care expenses.
The earlier your clients begin planning and saving for health care costs down the road, the more prepared they’ll be to reach their retirement goals. This tool kit can help you start the conversation with your clients, whether retirement is years away or just around the corner.
Resources to inform the insurance conversations with your clients
Financial Planner Video
Focuses on how to prepare for health care costs in retirement.
Focuses on HSAs and compatible health plans.
Training to help you lead client conversations about health plan options during a time of economic hardships and loss of employer-sponsored coverage due to the pandemic.
Use this illustration to help clients understand how much they may need to cover health care costs during their retirement years, how much they can expect from Medicare, and costs they’ll need to pay out of their own pockets.
Health care coverage checklist
Use this checklist in your conversations with clients to outline different ways to prepare for health care costs down the road and record their next steps.
Early retirement brochure
Designed for clients who want to retire early, this brochure explains how to bridge the gap to Medicare with the right health plan.
Blog post/newsletter article
Tailor this brief article to use as a blog post or in your practice newsletter and encourage clients to factor health care costs into their early retirement planning strategy.
Medicare De-complicator Guide
You have lots of options when it comes to Medicare. But all those choices can make it harder to find the coverage that’s right for you. This guide can help make it easier.