When it comes to preparing for retirement, many people are surprised by the real cost of health care—even with Medicare in place. A recent planning estimate found that a 65-year-old retiring in 2026 could face an average of $185,500 in retirement health care expenses. That’s because medical costs often go well beyond what Medicare covers. In my work as a licensed independent insurance agent, I’ve seen how easy it is to assume Medicare will take care of everything, but research shows more than half of pre-retirees overestimate those benefits—especially as premiums continue to rise faster than retirement benefit increases.
It’s important to remember that Original Medicare doesn’t cover routine dental or vision exams for glasses, hearing aids, or long-term custodial care. These are major needs that require careful planning. Even with covered services, there are still out-of-pocket costs: in 2026, Part B alone is projected at about $203 a month, plus a deductible, 20% coinsurance, and possible surcharges if your income is above certain thresholds.
My approach is always to help you get ahead of these surprises. Reviewing Medicare’s gaps early, considering Medigap options during your one-time enrollment window, and using health savings accounts to build up reserves before you’re eligible can make all the difference in feeling secure about your choices. I believe that understanding your options—not just for Medicare, but also for dental, vision, and supplemental coverage—puts you in control of your retirement health and peace of mind.
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