Filed Under:Markets, Boomer Market

AARP flags lack of planning for health costs in retirement

Roughly one-third of individuals have tried to estimate how much money they will need to save.
Roughly one-third of individuals have tried to estimate how much money they will need to save.

Most individuals have not taken steps to plan for their health care costs in retirement, new research reveals.

AARP discloses this finding in a November 2013 survey that examines the American public’s awareness and concern about health care costs incurred in retirement. The report also seeks to determine whether or not pre-retirees are currently saving to cover future health care expenses, taking account of the fact that Medicare covers only about 51 percent of health care costs.

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Nichole Morford
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