Filed Under:Life Insurance, Life Planning Strategies

EBRI: savings required to meet retirees’ prescription drug expenses dips in 2012

Photo credit: Carlos Porto
Photo credit: Carlos Porto

A  man and a woman need a median of $135,000 and $154,000, respectively, in savings to have a 90 percent chance of covering Midigap premiums, Medicare Part B and D premiums and out-of-pocket prescription drug expenses for retirement at age 65 in 2012, according to new research.

The Employee Benefits Research Institute, Washington, D.C., released this finding in the October 2012 edition of Notes, a monthly newsletter from the EBRI Educational and Research Fund.

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Nichole Morford

Nichole Morford
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