Report: Projected health care costs shrink for retirees

05/16/2013 | Reuters

The projected cost of health care during retirement for those who retire this year is down 8% from a year ago, according to a report from Fidelity Investments. The company estimates that a 65-year-old couple retiring in 2013 will need $220,000 for health care costs through retirement. The drop is due in part to a slower rate of increase for Medicare spending, which lowers deductibles and premiums for retirees. Medicare spending per enrollee increased 0.4% during fiscal 2012.

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