Tag: retirement

Photo of doctor with patient

More than half of baby boomers and Generation Xers do not realize how much they are likely to pay out of their own pockets for medical bills after they retire. Many “were seriously underestimating the amount of savings they would need to accumulate in order to cover health in retirement,” according to what may b…

Smiling woman eating green apple.

Abstract Although long-term care is a substantial financial risk for retired households, only about 10 percent purchase insurance, with many of the remainder relying on Medicaid.  Faced with rising Medicaid expenditures on long-term care, states have attempted to encourage the purchase of private long-term care insurance through partnership programs that exempt purchasers of qualifying policies…