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Published: May 10, 2021 3 min read
Senior black woman standing in kitchen sorting her medication for the week.
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A 65-year-old couple retiring this year can expect to spend a combined $300,000 on health care costs in retirement, according to Fidelity’s annual Retiree Health Care Cost Estimate released last week.

While that's up just 1.7% from last year’s estimate of $295,000, the relatively small jump is no consolidation for pre-retirees, who can expect health care spending to represent about 15% of their annual expenditures, Fidelity says.