Executive Briefings | March 13, 2023
The Coming Medicare Cost Problem
The cost of Medicare is challenging for consumers and the Federal government alike. New research just found that consumers covered by Medicare will likely need $200,000 to cover their out-of-pocket costs in their lifetime (see Couples May Need Nearly $400,000 To Cover Out-Of-Pocket Medicare Health Care Costs In Retirement). But that requirement doesn’t square with U.S. demographics. In 2023, the average retiree has $170,726 in savings and 37 . . .