Here are four key facts about later-in-life healthcare costs.
1. As of 2012, a 65-year-old couple would need $283,000 in order to have a 90 percent probability of being able to afford healthcare for the rest of their lives, according to Wells Fargo.
2. Although Medicare helps cover the cost of hospitalizations, beneficiaries have a deductible of $1,216, usually for each hospital admission.
3. In 2014, most new beneficiaries must pay a $104.90 monthly premium and a 20 percent copayment after reaching the $147 annual deductible for Medicare Part B.
4. In 2010, the average monthly premium for Medigap — supplemental coverage sold by private health insurers — was $183.
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