America may be becoming the land of the free and the home of thegrey as more adults are living longer lives.
According to the Administration on Aging, the number ofcentenarians more than doubled between 1980 and 2013. But lifespansaren’t the only thing increasing – so are the expenses that manyolder Americans face.
Retiree health care costs have surged exponentially – theEmployee Benefits Research Institute (EBRI)estimates that the average healthy 65-year-old man will need$124,000 to handle future medical expenses. For a healthy woman ofthe same age, the expected amount is $140,000.
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.
