Tag: healthcare in old age
The brief’s key findings are: Long-term care is expensive, but only 13 percent of single individuals over 65 have long-term care insurance. Previous models of care usage appear to understate the risk of going into care and overstate the duration of care for those who require it. If long-term care is a more likely, but…
Introduction Most of the discussion of retirement security focuses on declining Social Security replacement rates, modest 401(k) balances, the low level of saving, and longer life expectancy. Rising health care costs, which seem too amorphous to incorporate into numerical examples, are often characterized as a “wildcard” that could undermine the best laid plans. This brief…
