The estimate for Medicare expenses modeled in Planner is inclusive of expenses premium and out-of-pocket expenses. The estimation is comprised of assumptions for:

  • Average cost by state provided by medicare.gov;

  • Plan election, e.g. A/B Only, medigap, medicare advantage, etc.

  • Health Status: health condition maps to excellent, good, or poor

  • Premium level if using selecting a medigap policy

  • Income after 65 (for IRMAA calculation)

The values are adjusted from today using the medical inflation rate

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