Medical Insurance Premiums and Out-of-Pocket Costs in Old Age: What You Need to Know

I explain the actual medical insurance premiums and out-of-pocket medical costs that people face after age 65 in Japan, and discuss whether private medical insurance is necessary for retirement.

■ Public medical insurance after age 65
- Insurance systems for ages 65-74 and 75 and older
- Average premiums and calculation methods
■ Out-of-pocket medical costs in old age
- Average annual out-of-pocket costs by age group
- Total estimated costs from age 65 to average life expectancy
■ Considering private medical insurance
- Why private insurance is generally considered unnecessary
- Risks such as public insurance weakening and individual variation
- Alternative approach: saving and investing

Viewers will learn how to estimate their own future medical costs and why saving and investing may be a more rational approach than private medical insurance. This is suitable for those who want to prepare for retirement based on realistic numbers.