The combination of Medicare and Social Security won't be enough to cover the medical costs of most middle-class retirees within a decade.
Projections of average health costs and average Social Security income streams created by HealthView Services "shows that middle-class Americans' retirement health care costs are on a path to exceed their Social Security benefit," the firm said in a release.
The company's Retirement Health Care Cost Index "measures the percentage of Social Security benefits required to pay for health care-related costs in retirement for a healthy couple receiving the average expected Social Security benefit at full retirement age," HealthView said.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
