Older man and woman at work with younger woman When it comes to factoring health care costs into overall retirement planning, nearly 75 percent of workers said assistance from employers would be at least somewhat helpful in figuring this out. (Photo: Getty)

Retirees’ overall confidence in their ability to continue to cover basic expenses is on the decline, as more expect medical expenses to increase while the federal government wrestles with the impending insolvency of Medicare, according to the Employee Benefit Research Institute’s Retirement Confidence Survey.

Less than half of retirees surveyed by EBRI are confident that Medicare will continue to provide benefits equal to today’s into the future.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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