Podcast Center
Video Center
Webcasts
Resource Center
Events
October 11, 2013 at 06:03 AM
Changes in the Medicare prescription drug benefits program could cut the amount of cash workers need to set aside to cover post-retirement, out-of-pocket acute health care costs.
Paul Fronstin and other analysts and the Employee Benefit Research Institute (EBRI) make that prediction in an analysis of U.S. retiree health savings needs.
Every year, the EBRI analysts look at how much savers need to set aside to cover the cost of basic Medicare premiums, Medicare Part B physician plan premiums, Medicare Part D drug plan premiums and out-of-pocket drug expenses.
The analysts don’t include the cost of long-term care.
The analysts assume that workers will retire at 65, and that they will stop setting money aside at age 65.
