According to a recent survey on planning for retirement, the respondents indicate they concentrated on finances, but spent virtually no time on health benefits. The survey results also showed the 1,000 respondents are vastly underestimating health care expenses that would be incurred in retirement. In fact, 52 percent of those surveyed expect to spend less than $300 a month on out-of-pocket costs and health care-related expenses, which is less than half of what the average retiree actually spends.

In some ways, the survey results shouldn't be a big surprise, because most of us concentrate on building up our qualified retirement plan balances. With employer-provided medical plan coverage for many, the actual cost of medical expenses isn't really a concern for a number of people other than the deductible plus the amounts that aren't otherwise covered by insurance.

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