Advisors think their clients are confident in plan to pay health care costs, but many clients still need convincing

By a News Reporter-Staff News Editor at Insurance Business Weekly -- More than three in four financial advisors (76 percent) say their clients are confident in their plan to pay health care costs in retirement beyond what Medicare covers. However, when you ask their clients more than one in three (35 percent) don't feel the same.

"Our survey reveals a gap between what advisors think and what many of their clients think when it comes to health care costs in retirement," said Ron Ransom, senior vice president of integrated relationship strategies for Nationwide. "The rising costs of health care impacts everyone and many clients are worried. Advisors can build their confidence by having more conversations about their plan to cover those health care costs."

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