Health care costs are likely to be a significant cost during your retirement, and the more you plan for them the better. Whether you’re planning for retirement or are already retired, the Retiree Health Cost Estimator helps you:
- Estimate your health care costs at and through retirement, factoring in your current health status and savings options available to you
- Calculate how much you and your spouse will need to cover these health care costs during retirement
After using the calculator, you should learn more about health savings plans and other savings vehicles that may be available to you through your employer to help you appropriately set aside funds for health care costs. If you’ve already retired, learn how you can manage your health care costs. Your ICMA-RC representative can point you in the right direction, coordinating your health care costs with your other saving and spending goals.