With all the confusion around the Affordable Care Act (ACA) these days, discussing health care costs in retirement is more than ever becoming a critical part of the retirement advisory profession. And it is no surprise why. In a new Nationwide Financial Retirement Institute survey, more than three in five (61 percent) affluent pre-retirees now say they are “terrified” of what health care costs may do to their retirement plans. That’s a 30 percent jump from the fewer than half that used the word “terrified” the previous year.

To make matters worse, nearly three-quarters (72 percent) of the affluent baby boomers we surveyed mistakenly believe the ACA will pay their long-term care (LTC) costs in retirement and are not adequately planning for those costs or not planning at all.

Click Here to read original article