Latest News
Medical bills will eat your Social Security
Here is a stark reminder that Medicare covers only a portion of retiree medical expenses: According to a retirement health-cost index published last week, a couple retiring in 2015 with average Social Security benefits can expect medical costs to consume almost 70% of the Social Security they will receive in retirement. “People don’t realize it, but healthcare is going to be a significant drain on many people’s ability to maintain a reasonable lifestyle,” says Ron Mastrogiovanni, founder and CEO of HealthView Services, Inc., the Danvers, Mass., company that ran the numbers…Read More
Notice: The “Read more…” link provided above connects readers to the full text of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc., the AMAC Foundation, or socialsecurityreport.org.