Health expenses may have more or less held the line in recentyears, but that’s over.
That’s according to a new study that says peoplesaving for retirement will have theirwork cut out for them in trying to cover such expenses in thefuture.
The analysis from the Employee Benefit Research Institute (EBRI)found that in 2012, Medicare covered 60 percent of healthcare expenses for Medicare beneficiaries ages 65 and older, whothen had to fork out funds to cover another 13 percent and countedon private insurance to pay another 15 percent.
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