Wright Financial Group, LLC

Health Insurance

Life can throw us curveballs, often at the worst possible time. However, with a little pre-planning, you can be better prepared for whatever lies ahead.

It’s no secret that as you get older, your healthcare needs increase. What many people don’t realize is that the rate of inflation on the things retirees will need most, like healthcare, can easily exceed that rate. For example, from 1996 to 2021, the cost for hospital services experienced an average inflation rate of 5.25% per year.1

That means that the same hospital services that might have cost $500 in 1996 would cost $1795 in 2021. This is why it is important not to overlook the need to have a well-thought-out plan in place for affordable health insurance before you will need it. At Wright Financial Group, we can help you with all your insurance needs including health insurance and long-term care insurance.

 1. https://www.in2013dollars.com/Hospital-services/price-inflation#:~:text=Between%201996%20and %202021%3A%20Hospital,2021%20for%20an%20equivalent%20purchase