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Retiree health benefits are a luxury item. In 2013, just 28 percent of government and private-sector employers with more than 200 employees offered health benefits to their retiring workers, down from 66 percent in 1988, according to the Kaiser Family Foundation. These plans are popular with workers, but their declining prevalence has a silver lining…
The brief’s key findings are: Medicaid covers not only the low-income elderly but also those with higher incomes who become impoverished by health costs, such as nursing home care. The percentage of high-income single retirees receiving Medicaid rises with age – from near zero for those in their 70s to 20 percent for those in…
