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ARTICLE Health Wealth Decision Support

It is estimated that a 65-year-old couple retiring this year will need a quarter of a million dollars to pay for medical expenses throughout retirement, not including nursing home care.1 And nearly half of Americans are at risk of not having the resources to pay for basic retirement expenditures and unreimbursed health care costs.2

Now, there's a new way to help consumers plan, pay and save for their health care expenses in retirement. The new Health Savings Checkup from OptumHealth Financial Services lets consumers estimate their health care costs in retirement based on our proprietary database of over $130 billion of claims information. This realistic approach helps educate people on their expected out-of-pocket health care expenses in retirement. More importantly, the system creates interactive scenarios that show people how to save more, spend less and get healthier.

  1. Fidelity Investments, 2010. Assumes no employer-provided retiree health care coverage and a 17-year retirement for men and 20 years for women.
  2. EBRI. 2010 Retirement Readiness Rating.

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