Mutual fund company Fidelity Investments is painting a troubling picture of escalating health care costs for retirees.
Boston-based Fidelity says a 65-year-old couple retiring this year will need about $240,000 to cover medical expenses, even with Medicare insurance coverage.
The company has calculated an annual retiree health care estimate since 2002. The latest estimate represents a 6.7 percent increase over last year’s projection of $225,000.
Sunday, March 29, 2009
Fidelity says retirees’ health care costs jump
The Boston Herald reports: