2009 may see many boomers without medical coverage. A recent AARP survey finds more than one in five boomers being “not very” or “not at all” confident that they can afford medical care this year.
“The Boomers are at a high risk of being uninsured, and they’re particularly worried,” says AARP Senior Vice President Cheryl Matheis. “They’re concerned about losing their job-based coverage or not keeping up with the high premiums of individual coverage. And they don’t have the safety net that Medicare provides for older people.”
AARP cites already “alarming” statistics, including the fact that fifteen percent of boomers has already cut back on medication or has not refilled a prescription in the past year because they could not afford it; many boomers are reevaluating prescription costs and needs.
On a positive note, AARP says boomers have adopted healthy habits in an effort to avoid medical costs.