The combination of Medicare and Social Security won't be enough to cover the medical costs of most middle-class retirees within a decade.
Projections of average health costs and average Social Security income streams created by HealthView Services "shows that middle-class Americans' retirement health care costs are on a path to exceed their Social Security benefit," the firm said in a release.
The company's Retirement Health Care Cost Index "measures the percentage of Social Security benefits required to pay for health care-related costs in retirement for a healthy couple receiving the average expected Social Security benefit at full retirement age," HealthView said.
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