Estimated Medical Expenses ($)
Everyone is eligible for Medicare at age 65, and we understand the future is difficult to estimate. Still, to the best of your ability, use the slider tool below and set it to reflect the estimated monthly cost of your future medical expenses in retirement (i.e., monthly health insurance premium payments). Please consider only those expenses exceeding monthly Medicare and other insurance coverage. Lastly, it's important to understand there may be changes that occur as your retirement progresses. Your future expenses may change due to eligibility, overall changes in health, or possibly regarding supplemental health plan coverage.
Please also indicate whether or not these amounts should be adjusted for inflation and if they are in current (nominal) dollars or future (real) dollars. If the amounts entered are specified as current (nominal) dollars then we will apply inflation to this cash flow using our inflation scenarios from today. If the amounts entered are specified as future (real) dollars then we will apply inflation to this cash flow using our inflation scenarios from retirement age.