Separate Fund for Retirement Health Expenses, or Not?

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beepy
Posts: 4
Joined: Tue Jan 16, 2018 9:30 am

Separate Fund for Retirement Health Expenses, or Not?

Post by beepy » Wed Jan 17, 2018 12:23 am

I've been wondering about the best way to plan for spending for health expenses in retirement. I imagine some more ordinary expenses (insurance, copays, etc) could be part of the overall income scheme, but wonder if people keep a separate fund for big ticket items like hospitalization, surgery, etc. And if there is a separate fund, in what type of investment should it be kept?
Thanks for any input
beepy

runner3081
Posts: 1574
Joined: Mon Aug 22, 2016 3:22 pm

Re: Separate Fund for Retirement Health Expenses, or Not?

Post by runner3081 » Wed Jan 17, 2018 1:26 pm

HSA invested in index funds.

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BolderBoy
Posts: 4019
Joined: Wed Apr 07, 2010 12:16 pm
Location: Colorado

Re: Separate Fund for Retirement Health Expenses, or Not?

Post by BolderBoy » Wed Jan 17, 2018 1:29 pm

Or HSA sitting in a "high" % checking account.
"Never underestimate one's capacity to overestimate one's abilities" - The Dunning-Kruger Effect

sport
Posts: 7171
Joined: Tue Feb 27, 2007 3:26 pm
Location: Cleveland, OH

Re: Separate Fund for Retirement Health Expenses, or Not?

Post by sport » Wed Jan 17, 2018 1:37 pm

When I first retired, our maximum out of pocket was $4000 per person per year. So, I kept an extra 8K as part of my emergency fund. The insurance I have now has $1500 maximum OOP per person per year. That is low enough that I don't concern myself about it.

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