Retired couples may need $240,000 for health care

[cjfrbw]

Over the averaged 20 years, that is 500 dollars per person per month. Most people have greatest medical expense in the last year or two of their life. Most people still do not go into nursing homes. If they do, it is usually a short time before hospice.

One thing is that the figure includes "future dollars" which are less valuable in the future due to inflation. The "present dollar" figure in an earning account is probably less. Present retirement assets, if they exist, can continue to earn until the "future" less valuable dollars are due. If you live longer than the speculative 85, then you will need more.

On the other hand, it is also a median figure. Half the population will need more, some much, much more.

I figure for a couple, 300K in an invested medical account used for only medical purpose, to pay premiums and out of pocket medical as time rolled on, would do the trick, but who knows.

[NorthStar]

Canada's healthcare system is pretty inclusive, so I'd love to know what you mean by this.

John, it was recently in the news.
...Canada is trying to put a plan in place to help the people dealing with suicide and depression.

As of right now we don't have anything in place for support (financial and planified help from professionals).
No budget, no money! ...No real care for these people, unlike in Australia and some European countries.

* And it takes at least ten years for a good plan to start being effective.

[John72953]

John, it was recently in the news.
...Canada is trying to put a plan in place to help the people dealing with suicide and depression.

As of right now we don't have anything in place for support (financial and planified help from professionals).
No budget, no money! ...No real care for these people, unlike in Australia and some European countries.

* And it takes at least ten years for a good plan to start being effective.

Thanks for the clarification Bob! And I did read that...we need to do more for sure.

However, we aren't talking about exceptions here. In that regard I think Canada can hold it's head high in terms of what the system provides.

[NorthStar]

...And just look too at the Canadian army people dealing with post dramatic stress syndrome!
...Trauma from the war!

They talked about it every single day, in particular this last week!

People who are depressed, or want to kill themselves; have nowhere to go! ...But die!

I ain't inventing this, it's right in front of our faces! Do you keep track with the news John?

[John72953]

...And just look too at the Canadian army people dealing with post dramatic stress syndrome!
...Trauma from the war!

They talked about it every single day, in particular this last week!

People who are depressed, or want to kill themselves; have nowhere to go! ...But die!

I ain't inventing this, it's right in front of our faces! Do you keep track with the news John?

Yes I keep track of the news Bob! These are serious issues and need to be addressed, but quite frankly you're veering this thread off course with your observations. Do you not see that?

[NorthStar]

Do you remember that young soldier who commited suicide about two years ago (less)?
It took eighteen months for the army to send the suicide letter to his family!!!

And that young soldier who is speaking up, and the army with a ban (warning) for speaking up!
...It takes six months or more for a Canadian soldier sufferring of 'war trauma' before he can even see a doctor!!!

EDIT: Yeah, it's not the $240,000 that we don't have for the USA health care system,
but I am human, and I am greatly sensitive, and also extremely influenced by it!
...So I just had to share it too. ...Some' wrong with that?