"More work is needed to fill the remaining coverage gaps and design health plans that encourage people to get the health care they need to live productive and fulfilling lives."

Someone who retires at age 70 can expect to pay between 28% and 29% less in health care costs than if they retired at age 65.

With one in four Americans living in multigenerational households, employers need to rethink how their benefits plans address the unique needs of employees and their families.

But the majority said their organizations were not prepared to take advantage of the currently existing data on such factors.