Rising Healthcare Costs, Long-term Care and Estate Planning

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Fidelity Investments released a recent report on a projected 4 percent increase of medical expenses throughout a senior’s retirement. The report estimates that a newly retired couple can expect an estimated $240,000 to cover medical expenses outside of Medicare. Last year’s report estimated the additional cost at $230,000.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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