Americans Worry They Can't Afford Health Care in Retirement, Allianz Life Study Finds Americans Worry They Can't Afford Health Care in Retirement, Allianz Life Study Finds

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Americans Worry They Can't Afford Health Care in Retirement, Allianz Life Study Finds

October 20, 2026-Americans' Medicare knowledge gaps put their long-term finances at risk
61% worry that health care costs will be so high they won't be able to afford needed care
62% worry they won't be able to afford the high cost of long-term care
60% worry Medicare will not be available throughout the entirety of their retirement

Americans are worried about affording health care in retirement and misconceptions about Medicare could leave many unprepared for the true cost, according to the 2026 Annual Retirement Study* from the Allianz Center for the Future of Retirement, part of Allianz Life Insurance Company of North America (Allianz Life).

The majority of Americans (61%) worry health care costs will be so high they won’t be able to afford needed care. Gen X (76%) is more likely than millennials (60%) or boomers (56%) to have this concern.

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Source: Allianz Life Insurance Company of North America


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