Longevity and Healthcare Cost Correlation

A recent research brief from the Center for Retirement Research at Boston College confirms that correlation between longevity and higher healthcare costs.

The conclusion: staying healthy and living longer will likely result in higher healthcare costs as healthier individuals are more likely to incur uninsured expenses for big ticket items such as long-term care.

The study finds that:

the expected present value of lifetime health care costs for a couple turning 65 in 2009 in which one or both spouses suffer from a chronic disease is $220,000, including insurance premiums and the cost of nursing home care, and 5 percent can expect to spend more than $465,000.  The comparable numbers for couples free of chronic disease are substantially higher, at $260,000 and $570,000, respectively.