Health expenses may have more or less held the line in recent years, but that’s over.
That’s according to a new study that says people saving for retirement will have their work cut out for them in trying to cover such expenses in the future.
The analysis from the Employee Benefit Research Institute (EBRI) found that in 2012, Medicare covered 60 percent of health care expenses for Medicare beneficiaries ages 65 and older, who then had to fork out funds to cover another 13 percent and counted on private insurance to pay another 15 percent.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
