Friday, November 14, 2008

Dose of Reality: Health Insurance Costs in Retirement

The November issue of The Ester Republic features Neil Davis' discussion of just how pricey health care will be once you retire. The picture is not pretty.
With the trend away from defined-benefit retirement programs, increasing numbers of Americans are in defined-contribution programs. Many of these people will not have enough saved up for their health care and other costs.
This installment of Dose of Reality compares the effects of having these two types of retirement programs and how they interact with Medicare part A and part B, and with Social Security. As Davis says, "the results horrify me, as they should you."

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