The reality of healthcare expenses for each of us is going to be affected by a couple of factors. One is whether you are a man or woman. Another is whether we have a healthy lifestyle. And finally, whether we encounter a major medical situation such as cancer, parkinsons, ms, or others.
The important thing is to factor a reasonable estimate for healthcare expenses in our retirement planning. Even though this will be just an estimate, and one that is projected out for perhaps 30 years, it's better to have evaluated some expense then blithely assume everything will be normal.
Next article: long term care expenses.