Introduction
Healthcare costs are becoming an increasingly important part of financial planning in 2026.
Across Europe, people are living longer, and while healthcare systems provide support, many individuals still face out-of-pocket expenses. These can include private treatment, long-term care, and specialist services.
For independent financial advisers, this means healthcare is no longer a secondary consideration. It is a key part of helping clients build sustainable long-term plans.
At Cornerstone, we see healthcare planning as essential to delivering well-rounded financial advice.
Rising costs are shaping financial decisions
Healthcare spending continues to rise across Europe, driven by ageing populations, medical innovation, and increased demand for care.
Even where public systems exist, clients are increasingly exposed to additional costs. These are often unpredictable and can place pressure on savings if not planned for in advance.
For many clients, healthcare is one of the largest potential expenses they will face over their lifetime.
The retirement planning gap
Healthcare costs do not disappear after retirement. In many cases, they increase.
Longer life expectancy means clients may need to plan for:
- extended medical care
- ongoing treatment costs
- potential long-term care needs
Despite this, healthcare is often underestimated in retirement planning. This creates a gap between expected and actual financial needs later in life.
Integrating healthcare into financial advice
There is no single solution for managing healthcare costs, but there are practical steps advisers can take.
These include:
- incorporating healthcare assumptions into retirement projections
- building dedicated savings buffers
- considering insurance or protection solutions
- reviewing long-term care options
The goal is to ensure that healthcare costs are not treated separately, but as part of a broader financial strategy.
A stronger client relationship
Discussing healthcare costs can also strengthen client relationships.
These conversations go beyond investments and address real-life concerns. Clients are often more engaged when advice reflects their future needs, not just market performance.
At Cornerstone, we believe advisers add the most value when they combine technical expertise with a clear understanding of client priorities.
Conclusion
Healthcare costs are becoming a defining factor in financial planning.
For IFAs, the opportunity lies in addressing this early, helping clients prepare, and building strategies that reflect both longevity and uncertainty.
By integrating healthcare into financial advice, advisers can deliver more complete, practical, and client-focused solutions.
