X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
More than half of affluent, older Americans are unsure or can’t estimate what their annual health care or long-term care costs in retirement will be. (Photo: Shutterstock)

Even affluent people say they are “terrified” that escalating health care costs could wreak havoc on their golden years, according to the Nationwide Retirement Institute survey.

Harris Poll surveyed 1,007 U.S. adults aged 50 or older with a household income of $150,000 or more, and found that nearly three out of four (73 percent) list out-of-control health care costs as one of their top fears in retirement. Indeed, a majority (64 percent) of future retirees say they are “terrified” of what health care costs may do to their retirement plans, and more and more are becoming increasingly reliant on federal programs to cover health care costs.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Emily Payne

Emily Payne is managing editor at BenefitsPRO. A Wisconsin native, she spent the past eight years writing and editing for various athletic and fitness publications. She holds an English degree and Business certificate from the University of Wisconsin.

More from this author

 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.