According to a recent study conducted by financial experts with Fidelity Investments, a 65-year-old couple retiring this year should budget approximately $250,000 to pay for health and dental care expenses.
The financial company's Retiree Health Care Costs Estimate report, which is expected to be published late next week, assumes that a couple has a Medicare policy and a lack of insurance through an employer, according to the Cosmetic Dentistry Guide.
Specifically, the study found that healthcare costs for the average American couple will be approximately $535 a month in the coming year, which is up 4.2 percent from last year and 56 percent from 2002.
Furthermore, a total of 51 percent of those surveyed indicated that they are paying out-of-pocket healthcare costs and 45 percent said they have purchased supplemental coverage to help pay their medical bills, TheStreet.com reports.
The Fidelity report did not take into account the Medicare and Medicaid changes that were created under the new healthcare reform bill.
Families who are searching for ways to save money on dental care may want to consider discount dental plans, which can save as much as 60 percent on most dental procedures.
For more information on discount dental plans call 1-888-632-5353
© 2010 Brafton Inc.
The materials and articles published on DentalPlans.com are for informational purposes only. Although DentalPlans.com strives to be accurate and complete, the information is provided without liability for errors. DentalPlans.com does not warrant the accuracy or completeness of the information, text graphics, links, or other items contained on DentalPlans.com.
DentalPlans.com expressly disclaims liability for errors or omissions in these materials and DentalPlans.com makes no commitment to update the information on DentalPlans.com.
DentalPlans.com expressly disclaims all liability for the use or interpretation by others of information on DentalPlans.com. Decisions based on information contained on DentalPlans.com are the sole responsibility of the visitors, and visitors agree to hold DentalPlans.com and its Affiliates harmless against any claims for damages arising from decisions visitors make on such information.
Nothing on DentalPlans.com constitutes medical advice or other forms of advice. DentalPlans.com assumes no responsibility for material created or published by third parties linked to DentalPlans.com with or without DentalPlans.com’s knowledge.