Chartered Retirement Planning Counselor (CRPC) Practice Exam 2025 – Comprehensive All-in-One Guide for Exam Success!

Question: 1 / 660

According to Fidelity's study on medical expenses in retirement, what is the expected unreimbursed amount for a couple at age 65 living to age 85?

$150,000

$220,000

The correct answer is based on Fidelity's study, which indicates that a couple at age 65 can expect to incur approximately $220,000 in unreimbursed medical expenses by the time they reach age 85. This figure reflects the projected costs of healthcare that retirees will need to pay out-of-pocket, which can include expenses such as deductibles, copayments, and services that are not covered by Medicare. As healthcare costs continue to rise, this estimate is significant in financial planning for retirement.

Choosing this figure allows retirees and financial planners to strategize appropriately for healthcare costs, emphasizing the need for savings and investment in health-related financial products. Understanding this expectation helps prepare for the financial realities of aging, ensuring that couples can maintain their quality of life in retirement.

Get further explanation with Examzify DeepDiveBeta

$300,000

$400,000

Next Question

Report this question

Download Chartered Retirement Planning Counselor (CRPC) Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy