Can you name the number one cause of bankruptcy in America?
…
The answer is unpaid medical bills.
It seems that U.S. bankruptcies resulting from unpaid medical bills affect nearly 2 million people a year.
At least 1 out of 5 will struggle with health-care-related bills during their lifetime.
At least 11 million people will take on credit card debt to pay for medical bills… and 15 million will lose their savings to related bills!
Fidelity’s Retirement Health Care Cost Estimate research concludes that a couple, both aged 65 at time of retirement, should expect to spend an estimated total of $245,000 on health care during retirement.
That figure has increased 29% between 2005, when it was $190,000 and 2015. What a difference 10 years makes.
A quarter of a million-dollar hit on your capital can put a strain on your future financial security. And that doesn’t include the high cost of long-term care.
You can’t control the increases in the cost of medical expenses or long-term care.
But you can control whether you are prepared.
We are here to help you get there.
