Designer 401k+™ Aggregate Benefits
Health-Care Expenses For An Average American Couple Retiring Today
The average lifetime retirement health-care premium costs for a 65-year-old healthy couple retiring this year and covered by Medicare Parts B, D, and a supplemental insurance policy, will be $266,589. If we were to include the couple’s total health-care costs (dental, vision, co-pays, and all out-of-pockets), their expenses would rise to $394,954. For a 55-year-old couple retiring in 10 years, total lifetime health-care costs would be $463,849.
A Post-Retirement Medical Expense Account can currently accumulate up to $594,000 that can be distributed tax free for post-retirement medical benefits. Employers can create an account and take a 100% deduction, grow the funds tax deferred, and then distribute the funds tax free for post-retirement medical benefits.
Post-Retirement Medical Expense Account
Contributions to this portion of your plan creates a tax trifecta!
- Contributions are Tax Deductible
- Contributions grow Tax Deferred
- Contributions can be used Tax Free
Examples of Tax-Free Aggregate Health Benefits
- Acupuncture
- ADD Counseling and Assistance
- Airlift Transportation
- Alcoholism
- Alternative Healthcare
- Alternative Medicines
- Ambulance
- Artificial Limbs
- Artificial Teeth
- Assisted Living Facilities
- Asthma and Allergy Treatment
- Braces
- Braille - Books and Magazines
- Chiropractors
- Christian Science Practitioners’ Fees
- Clinical Care
- Contact Lenses, Including Examination Fee
- Co-Pays
- Cosmetic Surgery (even if not by a Physician)
- Cost for Care Outside the United States
- Cost of Operations and Related Treatments
- Counseling
- Crutches
- Deductibles
- Dental Fees
- Dentures
- Dependent Care
- Dermatologist Care
- Diagnostic Fees
- Electrolysis
- Experimental Care
- Eyeglasses, Including Examination Fee
- Fees for Chiropractors
- Fees for Fitness Programs and Facilities
- Fees for Healing Services
- Fees for Licensed Osteopaths
- Fees for Practical Nurse
- Flu Shots
- Hair Transplants
- Health Club Memberships
- Health Insurance Premiums
- Health Maintenance
- Hearing Devices and Batteries
- Hospice, In-Home Care
- Hospital Bills
- Hospitalization
- Insulin
- Laboratory Fees
- Laetrile by Prescription
- Laser Surgery for Vision Correction
- Lasik Eye Surgery
- Lead-Based Paint Removal, Children with Lead Poisoning
- Long-Term Care, Nursing Homes, Retirement Home for Medical Care
- Medical Information Plan
- Medicines
- Membership Fees for Medical Services
- Nurses' Fees, Nurses' Room and Board
- Obstetrical Expenses
- Operations (100% of all Costs)
- Orthopedic Shoes
- Oxygen
- Personal Trainers
- Physical Therapy
- Physician Fees
- Premiums for Long-Term Care
- Preventive Care
- Prosthetics
- Psychiatric Care
- Psychologist Fees
- "Seeing-Eye" Dog and its Upkeep
- Social Security Tax (Where Paid by Taxpayer)
- Spa Facilities, Usage Fees for Facilities
- Special Care Costs for Disabled Dependents
- Special Diets
- Specially Equipped Cars
- Sterilization Fees
- Support Groups
- Surgical Fees
- Therapy Treatments
- Transport Expenses for Medical Services Including Preventative Care
- Tuition at Special School for Handicapped
- Viagra
- Vitamins
- Wheelchair
- Weight Loss Programs
- X-Rays