12/09/2025
At Phlex65, we know that planning for 👴👵retirement means preparing for all costs, especially health care. Understanding these expenses is the first step toward 🛡️protecting your independence and peace of mind!
Read the 📰 article: https://www.moneytalksnews.com/slideshows/how-much-seniors-spend-on-health-care/
Summary:
🔵1️⃣ U.S. households led by someone of age 👴👵65 or older spend an average of $8,027 a year on health care.
⚪2️⃣ Health care is the 📈third-biggest spending category for senior households, making up about 13% of their total annual spending.
🔵3️⃣ This percentage is significantly higher than the average for all U.S. households, which spend about 8% on health care.
⚪4️⃣ Health insurance🛡️ is easily the largest health care expenditure for seniors, costing an average of $5,501 per year (around $458/month). 🔵5️⃣ On average, senior households spend $1,355 per year on medical services, including🩺 hospital, physician, eye, and dental care.
⚪6️⃣ Spending on💊prescription and nonprescription drugs, plus vitamins, averages $836 per year for seniors.
🔵7️⃣ The cost of💰🩼 medical supplies (walkers, eyeglasses, heating pads) averages $335 per year for seniors.
⚪8️⃣ Government 📈 data suggests that 7 in 10 people turning 65 will eventually need long-term care.
🔵9️⃣ Medicare does not cover custodial care, leaving seniors exposed to potentially six-figure bills that can destroy retirement savings. ✃𓄧꒷꒦
⚪🔟 A little 💰financial planning today, especially for expenses like long-term care, prevents financial disaster tomorrow.
✨ Investing in your health and securing your finances are two sides of the same coin. Protect your future independence by planning for the actual cost of care!
How do your medical expenses compare to those of the average senior household in the U.S.?
