Fidelity just released their 2025 Retiree Health Care Cost Estimate, and the number is staggering: $172,500 for a 65-year-old retiring today. The bigger problem? One in five Americans haven’t even thought about health care costs in retirement. Steve breaks down what this means, why it matters, and how to prepare before medical costs derail your plan. Health care is one of retirement’s biggest wildcards, but with the right strategy, you can make it just another budget item, not a financial shock.
Here’s some of what we discuss in this episode:
💰 2025 Healthcare Cost Estimate: what Fidelity’s new number means for retirees
📊 Breaking Down the Costs: what’s actually included and what isn’t
🧾 Preparing for Rising Expenses: why healthcare must be part of your retirement plan
🏥 Using HSAs Wisely: how to maximize the triple tax advantage
💡 Medicare Misconceptions: common blind spots and planning mistakes
📉 Reducing the Burden: strategies to manage and lower lifetime healthcare costs
0:00 – Intro
1:17 – Why Does This Matter?
2:59 – What is the Confidence Gap?
4:47 – Medicare Isn’t Free
5:26 – What You Can Do
9:25 – Medicare Misconceptions
11:45 – Strategies to Reduce Burden
13:33 – Final Thoughts
Fidelity Investments® Releases 2025 Retiree Health Care Cost Estimate
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