How to Plan for Health Costs in Retirement

March 16, 2015 4:08 AM

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How to Plan for Health Costs in Retirement

MEDICAL BILLS: If you’re trying to budget for health care in later life, think about expenses in terms of “recurring” and “nonrecurring” services. That’s the advice in a new report from the Employee Benefit Research Institute in Washington.

The study notes that some services—including doctor visits and prescription-drug use—are more predictable and, as such, easier to forecast. These recurring services are distinct from less-predictable, or nonrecurring, services, like overnight hospital stays. The report also offers dollar figures for...

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