Reported 24 days ago
A recent study by the Employee Benefit Research Institute highlights that retirees cannot solely rely on Medicare for their healthcare expenses, which can exceed their total savings. On average, men will need around $166,000, while women may require up to $197,000 for healthcare in retirement. This lack of comprehensive coverage means many retirees must seek additional supplemental insurance or alternatives, revealing significant out-of-pocket expenses that could strain their financial resources as healthcare costs continue to rise.
Source: YAHOO