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New research from Fidelity Investments has found that a couple, both aged 65 and retiring this year, now can expect to spend an estimated $245,000 on health care throughout retirement, up from $220,000 last year. 

The figure has increased 29 percent since 2005, when it was $190,000. Factors boosting this year’s estimate included longer life expectancies and anticipated annual increases for medical and prescription expenses, Fidelity said. The estimate assumed enrollment in Medicare health coverage but did not include the added expenses of nursing home or long term care. 

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