Health/Long-Term Care
The cost to employers of providing their workers with health insurance has remained fairly stable for years. At first blush, this seems like good news for workers. When benefit costs rise, employers tend to take it out of their employees’ wages. But as costs stabilized, health insurance no longer exerted the downward pressure on paychecks…
Even the best-laid plans can go awry. Individuals face many hurdles to adequate planning for retirement and, even when precautions are taken, they may be overwhelmed by a big enough shock. In particular, large medical and long-term care spending shocks can devastate retirees’ hard-won finances…
