Medication Costs Projection for Retirement: Get Ready to be Shocked!

April 10, 2014

A 2013 projection, generated by the Employee Benefit Research Institute, on possible medication costs during retirement is a real eye-opener. Put on your seat belts for this. A couple with what is considered to be about average requirements would need to spend about $150,000 for a 50 percent chance of having sufficient money to cover medication costs. That assumes they have Medicare and supplemental insurance.


It gets more sticker-shocking if you are a couple in a much higher percentile of drug spending: $220,000!


The report makes this conclusion: “In 2010, Medicare covered 62 percent of the cost of health care services for Medicare beneficiaries age 65 and older, while out-of-pocket spending accounted for 12 percent, and private insurance covered 13 percent. Individuals can expect to pay a greater share of their costs out-of-pocket in the future because of the combination of the financial condition of the Medicare program and cutbacks to employment-based retiree health programs. Issues surrounding retirement income security are certain to become an even greater challenge in the future, as employers continue to scale back retiree health benefits and as policymakers begin to realistically address financial issues in the Medicare program with solutions that are likely to shift more responsibility for health care costs to Medicare beneficiaries.”


To access the report, click here.

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Meet Dr. Stephen Sinatra

I’m Integrative Cardiologist and Anti-Aging Specialist Stephen Sinatra. I think out of the box when dealing with health issues. That means I use what works best - conventional medicine, food, supplements, mind/body strategies, natural healing methods - to get the best results.

For 40 years, I’ve applied the latest technology to save lives in emergency situations and utilized common nutritional supplements to prevent emergencies and protect ailing hearts and bodies. Medication and surgery are critical, but overused, and not always necessary.

Whether you are 45 or 85, I have a wealth of information and practical tips to share that will help you look and feel younger, stronger, and more energetic, a state of life that should be the rule and not the exception.

I became certified in nutrition so I could teach patients to eat smart and supplement smart. I can teach you as well, because what you learn will benefit your heart, your weight, your brain function, and your overall health.

I became certified in bioenergetic psychotherapy so I could counsel patients about the mind/body connection. I can advise you as well, how to defuse the lethal danger of stress in daily life and about the importance of finding joy and happiness.

I’ve learned from great healing experts and from my own clinical experience, and to think independently. As a result, I dismiss things I learn along the way that no longer ring true. Such as that cholesterol is the main cause of heart disease. That’s utter baloney.

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