Insurance News Net February 15, 2023
(Washington, D.C.) – A new research report released by the Employee Benefit Research Institute (EBRI) found that projected savings that Medicare beneficiaries needed for health expenses remained high in 2022. In the future, despite the introduction of the cap on Part D out-of-pocket spending, individuals may have to pay greater shares of their overall health costs in retirement because of the financial condition of the Medicare program and cutbacks to employment-based retiree health programs.
Key findings in the report include:
• The predicted savings target for Medicare beneficiaries to cover premiums, deductibles and prescription drugs in retirement remains high, and is sensitive to assumptions about premiums, prescription drug expenses and usage of health care services.
•...
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