--- title: Retirees and Post-retirement Medicare Costs description: An Employee Benefit Research Institute study found that retirees will need to save hundreds of thousands of dollars to cover Medicare costs. image: https://blog.nisbenefits.com/hubfs/blog-headers/retirees-post-retirement-b.jpg --- ![Retirees and Post-retirement Medicare Costs](https://blog.nisbenefits.com/hubfs/blog-headers/retirees-post-retirement-b.jpg) # Retirees and Post-retirement Medicare Costs - Home - [Employee Benefit News for School, City and County Employers](https://blog.nisbenefits.com) - Retirees and Post-retirement Medicare Costs [ Steve Smith ](https://blog.nisbenefits.com/author/steve-smith) 03/10/2023 [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ Early Retiree Benefits](https://blog.nisbenefits.com/topic/retiree-benefits), [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news) [0 Comments ](https://blog.nisbenefits.com/retirees-and-post-retirement-medicare-costs#postComment) 1 Minutes *1 minute read* An Employee Benefit Research Institute [study](https://www.ebri.org/publications/research-publications/issue-briefs/content/projected-savings-medicare-beneficiaries-need-for-health-expenses-remained-high-in-2022) found that retirees will need to save hundreds of thousands of dollars to cover Medicare costs. These costs include prescription drugs, premiums, deductibles, and any other out-of-pocket costs. The research for the study used a simulation model, meaning that variable factors were used. Then it was determined how much money was needed to cover out-of-pocket costs.   ## **Survey Findings** Here are some of the study’s findings: - $318,000 – The average projected amount couples will need to save to have a 90% chance in covering post-retirement medical costs. - $197,000 – The amount in savings a woman will need to have to pay for health care costs in retirement. - $166,000 - The amount in savings a man will need to save to pay for health care costs in retirement. - $383,000 – The amount a couple with high prescription expenses will need to save to have a 90% chance of covering health care expenses after retirement. - Individuals enrolled in Medicare Advantage plans generally have lower savings requirements. It’s important to note that these are projected costs of health care and that the data provided in the simulation was varied. Actual prices for retiree health care would vary depending upon the person and their situation. [Download the bulletin](https://blog.nisbenefits.com/hubfs/Blog%20-%20supporting%20documents/bulletin-study-retirees-post-retirement-costs.pdf) for more details. [![5 ways to reduce health care costs](https://no-cache.hubspot.com/cta/default/3325505/64c4cab8-7a0d-4638-843d-159c07715082.png)](https://cta-redirect.hubspot.com/cta/redirect/3325505/64c4cab8-7a0d-4638-843d-159c07715082) --- #### Tag: [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions) [ Early Retiree Benefits](https://blog.nisbenefits.com/topic/retiree-benefits) [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news) #### Share: - [Follow us on Facebook ](http://www.facebook.com/share.php?u=https://blog.nisbenefits.com/retirees-and-post-retirement-medicare-costs) - [Follow us on Twitter ](https://twitter.com/intent/tweet?url=https://blog.nisbenefits.com/retirees-and-post-retirement-medicare-costs&text=Retirees%20and%20Post-retirement%20Medicare%20Costs) - [Follow us on Linkedin ](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.nisbenefits.com/retirees-and-post-retirement-medicare-costs) - [Follow us on Pinterest ](http://pinterest.com/pin/create/button/?url=https://blog.nisbenefits.com/retirees-and-post-retirement-medicare-costs&text=Retirees%20and%20Post-retirement%20Medicare%20Costsdescription=1%20minute%20read%20An%20Employee%20Benefit%20Research%20Institute%20study%20found%20that%20retirees%20will%20need%20to%20save%20hundreds%20of%20thousands%20of%20dollars%20to%20cover%20Medicare%20costs.[...]&media=https://info.nisbenefits.com/hubfs/blog-headers/retirees-post-retirement-b.jpg) --- [ #### Health Plans and Gag Clause Attestations ##### Previous Post ](https://blog.nisbenefits.com/health-plans-and-gag-clause-attestations) [#### 6 Cost-cutting Tips for Employers ##### Next Post ](https://blog.nisbenefits.com/6-cost-cutting-tips-for-employers) ### Leave a Reply This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. ### Category - [Legislative News (1149)](https://blog.nisbenefits.com/topic/aca-other-legislative-news) - [Health Insurance Solutions (504)](https://blog.nisbenefits.com/topic/health-insurance-solutions) - [COVID-19 (209)](https://blog.nisbenefits.com/topic/covid-19) - [Ancillary Benefits (175)](https://blog.nisbenefits.com/topic/ancillary-benefits) - [Mental Health (122)](https://blog.nisbenefits.com/topic/mental-health) ### Popular Posts [ Steve Smith ](https://blog.nisbenefits.com/author/steve-smith) 02/16/2024 [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions) [ Understanding Embedded vs. Nonembedded Deductibles ](https://blog.nisbenefits.com/understanding-embedded-nonembedded-deductibles) [ Erin Woulfe ](https://blog.nisbenefits.com/author/erin-woulfe) 02/09/2026 [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news) [ IRS Releases 2027 Health Plan Cost-sharing Limits ](https://blog.nisbenefits.com/2027-health-plan-cost-sharing-limits) [ Valerie Ortiz ](https://blog.nisbenefits.com/author/valerie-ortiz) 02/17/2026 [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ The Administrator's Corner](https://blog.nisbenefits.com/topic/the-administrators-corner) [ 4 Employee Wellness Trends You Can’t Ignore in 2026 ](https://blog.nisbenefits.com/2026-employee-wellness-trends) [ Dina Lubben ](https://blog.nisbenefits.com/author/dina-lubben) 11/14/2025 [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news) [ Trump Administration Unveils Plan to Make GLP-1 Drugs Affordable ](https://blog.nisbenefits.com/trump-administration-plan-glp1-drugs-affordable) --- ## Related Posts [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news), [ The Administrator's Corner](https://blog.nisbenefits.com/topic/the-administrators-corner) [ Valerie Ortiz ](https://blog.nisbenefits.com/author/valerie-ortiz) 07 July, 2026 #### [New CMS Report: Healthcare Spending Trends Through 2034](https://blog.nisbenefits.com/healthcare-spending-trends-through-2034) New projections from the U.S. Centers for Medicare and Medicaid Services (CMS) Office of the… [Read More](https://blog.nisbenefits.com/healthcare-spending-trends-through-2034) [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news), [ The Administrator's Corner](https://blog.nisbenefits.com/topic/the-administrators-corner), [ Mental Health](https://blog.nisbenefits.com/topic/mental-health) [ Steve Smith ](https://blog.nisbenefits.com/author/steve-smith) 06 July, 2026 #### [New HHS Rule Expands Catastrophic Coverage Access](https://blog.nisbenefits.com/new-hhs-rule-expands-catastrophic-coverage-access) The U.S. Department of Health and Human Services’ (HHS) Notice of Benefit and Payment Parameters… [Read More](https://blog.nisbenefits.com/new-hhs-rule-expands-catastrophic-coverage-access) [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news) [ Mari Wagner ](https://blog.nisbenefits.com/author/mari-wagner) 25 June, 2026 #### [Federal Court Blocks Key ACA Exchange Restrictions](https://blog.nisbenefits.com/federal-court-blocks-key-aca-exchange-restrictions) A recent federal court ruling blocked stricter ACA Marketplace eligibility and enrollment… [Read More](https://blog.nisbenefits.com/federal-court-blocks-key-aca-exchange-restrictions)