New Retirement Health Care Index released

5/6/2014

New Retirement Health Care Index released

New Retirement Health Care Index released

According to a recent article in Investment News, a new Retirement Health Care Cost Index released by HealthView Services shows that Social Security benefits for middle-income retirees will not be sufficient to cover the average health care costs. The index looks at the percentage of Social Security benefits needed to pay health care costs for a healthy couple in retirement who receives average Social Security benefits. According to the analysis, retirement health care costs are approximately 69 percent of Social Security benefits for a couple retiring in 2015. During the next 10 years it is anticipated that 98 percent of a couple's Social Security benefit will be used to pay for their health care costs.

To calculate the total cost of health care in retirement, the index includes all Medicare Part B, Part D and Medigap premiums, as well as out-of-pocket costs such as co-pays, the portion of a service that the beneficiary must pay. The index also uses $1,294 in today's dollars as the average amount of Social Security benefits per month. According to the data, an average healthy couple retiring next year will spend about $366,600 during their retirement — in 10 years that number will increase to about $421,000 for newly retired couples. Meanwhile, estimated health care cost inflation is set at 5 to 7 percent per year, while the annual cost of living increase in Social Security benefits is expected to increase by 2 percent per year.

Thanks for help

Many thanks to the volunteers who delivered Meals on Wheels last week. Are you interested in helping with Meals on Wheels? Substitute drivers are always needed. If you would like to help, call Patti at 272-3620 or 260-6282.

Scheduled activities

Thursday, the TOPS Club will meet at 8:30 a.m., followed by art class at 10 a.m. Gentle exercises start at 11 a.m. The Ambassador Singers practice at 1 p.m. Skip-Bo begins at 1 p.m. Strength Training for Seniors is at 5:15 p.m. Yoga begins at 6:30 p.m.

Friday, the day begins with line dancing at 8:30 a.m. Craft Shop check-in/out is from 10 a.m. to noon. A nurse from St. Catherine Hospital will be here from 10:30 to 11:30 a.m. Bridge starts at 12:45 p.m.

Saturday, the pool room is open from 1 to 4 p.m.

Sunday has duplicate bridge at 2 p.m.

Monday has double pinochle at 12:30 p.m. Strength Training for Seniors is at 5:15 p.m. Duplicate bridge starts at 7 p.m.

Tuesday, the day begins with walking at 8:30 a.m. The Craft Shop committee meets at 10 a.m. Gentle exercises begin at 11 a.m. Pitch starts at 12:30 p.m. Bridge begins at 1:15 p.m.

May 14 has line dancing at 8:30 a.m. TOPS 1116 meets at 10 a.m. Pinochle starts at 12:40 p.m. Completely Unraveled meets at 1 p.m. The regular Wednesday night dance begins at 7:30 p.m. to music of the Last Rezort. The recommended donation is $5.

Health tip

May's healthy eating goal: switch to fat-free or low-fat milk and dairy products.

Lunch menu

Lunch is served at noon.

Thursday: Chicken tetrazzini, creamy peas, Italian blend vegetables, bread, apple wedges.

Friday: Pork cutlet, copper penny salad, tossed salad, roll, fruit mix with marshmallows.

Monday: Beef enchiladas, corn, marinated tomatoes, pineapple tidbits.

Tuesday: Oven-fried chicken, potatoes and gravy, green beans, roll, strawberries.

May 14: Goulash, peas, California blend vegetables, roll, blushed pears.

Check out our website at www.seniorcenterfc.com.

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