Coverage Costs

Coverage Costs

Did you know?

Medicare doesn’t cover all your health care costs. What will you need?
Non-Medicare average annual premiums are $7,911
for individual coverage and $22,463 for family coverage.1
Protection plans enhance your health coverage, helping
you protect what you’ve worked hard to build.

Estimating Your Future Health Care Costs

Future health care costs shouldn’t come as an unpleasant surprise.
That’s why having a realistic view of how much you may spend on health care per year is important.

Expenses to consider include:

Non-Medicare years
During Medicare years
Long-term care

Health Coverage Costs

If you no longer receive health coverage through your former employer and are not Medicare-eligible, you’ll need to understand your choices and costs.

Estimate Health
Insurance Costs

Interested in learning more?
Visit Health Insurance 101.

Medicare Coverage Costs

While Original Medicare, Parts A and B, covers 80% of your total health care costs, you may need to supplement your coverage. Costs vary by plans and plan types, which is why it is essential to understand your medical, prescription drug, and financial needs when choosing a plan and budgeting for retirement.

Estimate
Medicare Costs

Want to learn more about Medicare?
Visit The ABCs of Medicare

Long-Term Care Costs

In 2021, the average cost of a private nursing room was more than $108,000 annually.2 While not everyone will need long-term care, according to LongTermCare.gov, a person turning age 65 today has nearly a 70% chance of needing some long-term care3 services and support in his or her remaining years. That’s why planning and budgeting for the possibility is a good idea.

Protection Plans for Peace of Mind

No one plans to get sick or have an accident. Still, it’s good to think ahead and be prepared — just in case. Protection plans are a cost-effective way to manage unexpected out-of-pocket costs or expenses from a significant medical event. You can enroll in these plans anytime during the year.

Learn more