General World News

Retired couples might need $400,000 in savings to cover medical expenses

Retired couples who are Medicare beneficiaries could need as much as $413,000 saved to cover medical expenses in the latter stages of life, an increase over the previous year’s estimate of $383,000. This is according to new findings from the Employee Benefit Research Institute (EBRI).

The figure is the “predicted savings target for Medicare beneficiaries to cover premiums, deductibles, and prescription drugs in retirement,” EBRI explained.

The estimates break down differently for single men, women and couples who are part of Medicare supplemental insurance plans, and the figures aim to details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com