• Question
  • Significant Downstep in Medical Insurance Expense

    Asked by a 62 year old man from KS on 8/31/2018

    This question is intended primarily for Steve Chen ... Thanks so much! NewRetirement takes into account various levels of (general) future expenses ... start and end dates of various expense levels. I'm speaking of general expense levels -- not including health care, etc. I find myself possibly retiring "early" at age 60 -- and paying perhaps $700 per month in premium for quality health insurance -- until age 65 -- at which point I become eligible for Medicare, and expect my health insurance premiums to drop to about $350 per month. I don't see any provision under "Medical" to account for that situation. I think that would be a worthy improvement to an already excellent system. Thanks! Duane

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  • Categories: Retirement Planning, Retirement Calculators

Answers

  • Steve 

    Steve 
    NewRetirement

    San Francisco, CA

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  • Hi Duane,

    Thanks for your question. Today the NewRetirement Planner automatically estimates retirement health care costs once you turn 65 and qualify for Medicare.

    We are adding some richer health care cost modeling capabilities to PlannerPlus - this is being worked on now and should be available shortly.

    https://www.newretirement.com/retirement-calculator/plus-signup.aspx

    Best,

    Steve

  • Login to rate this answer:   Answered on 9/24/2018
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