Even if inflation is only “transitory,” the long-term effect of inflation on health care costs in retirement can be dramatic. In the not-too-distant future, a healthy couple’s lifetime retirement health costs may exceed their lifetime Social Security Benefits. Please read this HealthView Services 2022 Healthcare Cost Report.
A well-thought out retirement income plan must be income maximized and risk managed.
About HealthView Services
HealthView Services is a leading provider of health care cost-projection software. Its portfolio of retirement health care planning applications – which create comprehensive and reliable cost projections for 33 million users annually – is utilized by advisors, financial institutions, employees, and consumers across the country.
Drawing on actuarial and government data, as well as 530 million medical claims, these applications rely on a patented data process that utilizes simple user inputs (age, gender, health conditions, income, and state) to create personalized estimates of retirement health care costs. The data also incorporates inflation projections for each component of retirement healthcare: Medicare premiums, supplemental insurance, and out-of-pocket spending.
With more than a decade of use across the financial services industry, these solutions have proven to be a powerful driver of savings and retirement planning. The firm has developed several software applications that address healthcare cost projections, long-term care costs, Medicare premiums and surcharges, Social Security optimization, and other retirement-planning factors. These tools give financial services’ clients and plan participants individualized and actionable savings solutions aimed at funding customized health care cost projections.
HealthView Services regularly publishes white papers on various industry topics, including long-term care and health savings accounts.