What is the distribution of lifetime health care costs from age 65?

Webb, Anthony, and Natalia A. Zhivan. “What is the distribution of lifetime health care costs from age 65?”. Issue in Brief 10-4, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, February 2010. http://hdl.handle.net/2345/bc-ir:104246.
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Abstract

The brief's key findings are: (1) Health care costs loom as a major risk for retirees, with nursing home care as the real wild card. (2) A typical couple at age 65 can expect to spend over its remaining lifetime: (2a) $197,000 with a 5-percent risk of exceeding $311,000, excluding nursing home care; or (2b) $260,000 with a 5-percent risk of exceeding $570,000, including nursing home care. (3) Households need to figure out how to handle such risk.

Title
What is the distribution of lifetime health care costs from age 65?
Author
Webb, Anthony
Zhivan, Natalia A.
Center
Center for Retirement Research
Genre
report
Date Issued
February 2010
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
10-4
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104246
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Health/long-term care

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