The Health Care Cost Inflation rate is used to adjust the Health Care and LTC expenses within RightCapital. This inflation rate will be used for:
The Retirement Health Care Cost goal card
The Annual Retirement LTC Cost goal card
Any Expenses or Goals with an Annual Increase field that is set to "Health Inflation"
The default health care cost inflation rate is 5%. This setting can be found and adjusted at the global level in the ... More Menu > Assumptions > Inflation tab of your Advisor Portal:
This setting can also be adjusted at the client level, within the Gear Icon > Settings > Other Assumptions tab of a particular client plan. Changes made here will only impact the specific client household you are currently working on: