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Retiree

Retirement Health Care Cost Planner

Use this tool to receive a tailored cost estimate based on your health care needs, location, and Medicare coverage choices.

This tool is for planning purposes only and is designed for people nearing retirement. Your answers are not saved or shared with anyone. Cost estimates start at age 65, when most people become eligible for Medicare.

What is your current age?

We'll take into consideration expected increases in health care costs between now and when you retire.

years old

Please enter a valid age.

At what age do you expect to retire?

This estimate begins at age 65, when most people become eligible for Medicare (or current age if older).

years old

Enter your current age if you are already retired.

What is your gender?

Costs can vary based on gender for some Medicare coverage types.

What ZIP code do you live in most of the year?

Health care insurance rates vary by location, up to 50% or more.

5-digit ZIP code

Overall, compared to others your age, how would you describe your health?

In the past 12 months

How many times have you visited your primary care doctor?

Do not include routine or preventive visits, such as annual checkups.

How many times have you visited a specialist?

How many times have you been admitted to the hospital in the past 12 months?

What is your annual cost of prescription medications, before your insurance pays?

How many different prescription medications do you take on a regular basis?

Do not include over-the-counter medications or prescriptions you don't take regularly.

Do you have a family history of serious health conditions that could increase future medical costs?

Examples include cancer, heart disease, or neurological conditions.

How many years of retirement would you like to plan for after age ?

For people similar to you, the average length of retirement after age is about years.

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Your estimated retirement health care costs

Based on the information you provided, this is the total estimated amount that may be needed to cover health care costs throughout your retirement.

Your estimate is personalized based on your age, location, health status, prescription needs, and expected retirement length. Review the options below to see how different Medicare coverage choices may affect your projected retirement health care costs.

Estimated total health care costs by coverage type

These estimates include projections of premiums and typical out-of-pocket costs such as doctor visits and prescription medications. View estimated costs by year.

Coverage type Plan availability may vary by location Estimated amount needed at age to fund years of retiree health care
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Retirement Security

may be your most cost-effective option. For other factors that may influence your decision, see the Medigap and Medicare Advantage Comparison.

You can change your answers to see how different choices affect your estimate.

Additional Resources
Our Methodology Medigap and Medicare Advantage Comparison Alight Learning Center About Alight

This planner can help you explore which type of Medicare coverage may fit your needs over the long term. When you are ready to choose a specific plan, an Alight licensed Benefits Advisor can help you compare the options available for the upcoming plan year, including coverage for your doctors, hospitals, and prescription drugs. Visit retiree.alight.com to get started.

Important: Alight Benefits Advisors can help you choose a plan for the current enrollment year but do not provide long-term cost projections. For questions or feedback about the projections in this planner, contact RetireeActuaries@alight.com.

Use this planner to explore long-term costs, and a licensed Benefits Advisor to choose a plan for the current enrollment year.

These estimates are based on national health care data, plans available in your location, and the answers you provided (Current age , retirement age , , ZIP code , health, an average of primary care visits in the last 12 months, an average of specialist visits in the last 12 months, an average of hospital admissions in the last 12 months, an annual cost of prescription medications being , prescription drugs taken on a regular basis, and responding “” to having family history of serious health conditions). Estimates are for educational purposes only and are not a guarantee of future costs.

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