Global Life expectancy has increased by 6 years according to an article published in WSJ (Wall Street Journal). It is true that with advances in Medical field, in general people are living longer. Implications of higher life expectancy vary from country to country.
America has an interesting environment. In general living longer means spending more time with your loved ones. So why am I talking about it? Well with the new healthcare law, individuals are responsible for their health care expenses at least for Insurance premium and out of pocket expenses. Today, the cost for an individual above the age of 25, can amount from $5000 to $10,000 per year depending upon the health of the individual. In addition, six years of life means another $30,000 to $60,000 per person based on todays cost structure. These costs will go up obviously based on inflation and other factors such as advances in medical treatment and costs associated.
As a responsible person, if you want to enjoy these additional retirement years that Medical science is going to give you, it is prudent to save money now to meet your healthcare expenses in the future.
Our DZeePlan product helps you anticipate your healthcare expenses so you can save enough money to spend your increased life expectancy enjoying your loved ones or on vacation, rather then worrying about your health care bills.