Health Care Costs from Birth to Death examines the impact of age and gender on pre-retiree, retiree, Medicare, and disease health costs.

Executive Summary

Health Care Costs from Birth to Death examines health care spending from birth to age 90 for people covered by commercial health insurance and for those covered by Medicare fee-for-service. The research sponsored by the Society of Actuaries (SOA) using data from the Health Care Cost Institute (HCCI) estimates that the average 55-year-old retiree will spend about $226,000 more out of pocket on health care after retirement than a person retiring at age 65 if they both live to age 85.

Key Findings from this Report

  • An aging population is not an overwhelming driver of health care spending
  • The cost of children’s health care is rising
  • Delaying childbirth has shifted the high point of young women’s health care spending from the late twenties to the early 30s
  • Health costs are twice as high for people with cancer or other chronic conditions
  • Older men are more costly than older women

Updated June 18, 2013