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Average retiree health costs could overtake Social Security benefits
HealthView Services today launched its new Retirement Health Care Cost Index©, which shows that middle class Americans’ retirement health care costs are on a path to exceed their Social Security benefits. The 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. According to the Index, retirement health care costs will increase from 69 percent of Social Security benefits for a couple retiring in one year to 98 percent of Social Security benefits for a healthy couple retiring in 10 years…Read More
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