Navigation Links
New Research From EBRI: New Estimates Update Retiree Health Savings Needs
Date:6/10/2009

Woman: A woman with median (50th percentile) drug expenditures would need current savings of $125,000 for a 50 percent chance of having enough money for retiree health expenses, or $221,000 for a 90 percent chance of having enough money. Again, the numbers are higher for women because of their greater longevity. At the 90th percentile level of drug spending, a woman would need $450,000 to have a 90 percent chance of having enough money to cover retiree health costs. (The comparable 2008 numbers were $108,000, $184,000, and $390,000.)

Married couple: A married couple, both with median (50 percentile) drug expenses would need current savings of $210,000 to have a 50 percent chance of having enough money for retirement health costs, or $338,000 for a 90 percent chance. For those with very high drug expenses (in the 90th percentile), couples would need $807,000 to have a 90 percent chance of having enough money. (The comparable 2008 numbers were $194,000, $305,000, and $635,000).

As high as these estimates are, the Notes says that many individuals will need even more money than the amounts projected because the analysis does not factor in the savings needed to cover long-term care expenses, nor does it account for the fact than many individuals retire early (before they become eligible for Medicare). Also, these estimates do not include savings needed to cover any basic costs of living, such as food, clothing or shelter.

The Notes also contains estimates for individuals who retire at 65 in 2019 (meaning those currently age 55). Estimates for 2008 appeared in the May 2008 EBRI Issue Brief, available at http://www.ebri.org/publications/ib/index.cfm?fa=ibDisp&conten
'/>"/>

SOURCE Employee Benefit Research Institute
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5

Related medicine news :

1. Stanford researchers find culprit in aging muscles that heal poorly
2. Children of depressed moms do better when dad is involved, SLU researcher finds
3. UCLA researchers identify markers that may predict diabetes in still-healthy people
4. Mayo Clinic researchers discover new diagnostic test for detecting infection in prosthetic joints
5. New research shows how chronic stress worsens neurodegenerative disease course
6. New research explores newborn in-hospital weight loss
7. Research may unlock mystery of autisms origin in the brain
8. Bipolar disorder relapses halved by Melbourne researchers
9. HIVs impact in Zimbabwe explored in new research
10. U.S. Research Funding Continues to Flatten as U.S. Health Costs Climb - in August 31 Science
11. Cell that triggers symptoms in allergy attacks can also limit damage, Stanford researchers find
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/28/2015)... (PRWEB) March 28, 2015 Thousands ... devices manufactured by C.R. Bard, Inc. continue to ... U.S. District Court, Southern District of West Virginia, ... serving on the Plaintiffs’ Steering Committee. According ... has granted certain defendants named in those lawsuits ...
(Date:3/28/2015)... 2015 India Network visitor health ... available to all visitors who purchase the plan before ... are encouraged to purchase the insurance program as soon ... proper coverage for pre-existing medical conditions. Parents and grandparents ... medical conditions with serious consequences to their health. Many ...
(Date:3/28/2015)... Pitching speed, player’s height, and pitching for multiple ... injuries, according to new research released today at the American ... , “Our findings indicate that a 10 inch increase in ... a history of injury, a 10 mile per hour increase ... a history of injury, and playing for more than one ...
(Date:3/28/2015)... March 28, 2015 Delaying rotator cuff ... necessary, according to research presented today at the American ... Day. , “Our study compared results for 170 patients ... an additional glenohumeral joint capsule release procedure to relieve ... MD, PhD, lead author from St. George Hospital in ...
(Date:3/28/2015)... March 28, 2015 Andrew Hawley of Vintage ... Who psychedelic concert posters. The Who and the Doors played ... August 2, 1968. According to Hawley, “The Who toured the ... halls and college campuses. Perhaps the most famous Who poster ... Morrison and the Doors on August 2, 1968 at the ...
Breaking Medicine News(10 mins):Health News:Federal C.R. Bard Vaginal Mesh Lawsuits Move Forward, As Court Grants Defense Motion to Amend Responses to Master Complaint 2Health News:Federal C.R. Bard Vaginal Mesh Lawsuits Move Forward, As Court Grants Defense Motion to Amend Responses to Master Complaint 3Health News:Federal C.R. Bard Vaginal Mesh Lawsuits Move Forward, As Court Grants Defense Motion to Amend Responses to Master Complaint 4Health News:India Network Health Insurance Today Announces New Eligibility Criteria for Pre-existing Condition Health Insurance Coverage for Visitors to the United States 2Health News:India Network Health Insurance Today Announces New Eligibility Criteria for Pre-existing Condition Health Insurance Coverage for Visitors to the United States 3Health News:Researchers Highlight Shoulder and Elbow Injury Possibility in Youth Players 2Health News:No Need to Delay Rotator Cuff Surgery, Study Shows 2Health News:Avid Collector from Vintage Rock Posters, Inc. Announces His Search For Original 1960's Who Psychedelic Concert Posters. 2
... community of more than 60,000 medical device and diagnostics professionals. ... ... DeviceSpace.com , an onTargetjobs Inc. company and the nation,s premier job ... MedicalDeviceLink.com to launch Device Career Network , a ...
... one week in January Radiotherapy Clinics of Georgia ... promote prostate cancer educational outreach. Called the ,Prostate ... men throughout metro Atlanta with potential life-saving full ... the home of RCOG, the only source for ...
... La Jolla cosmetic dermatologist, Dr. William F. Groff, at La Jolla Cosmetic ... laser technology for pearly penile papules treatment . , ... La ... any physical health problems, pearly penile papules do affect a ...
... women with cancers of the uterus are less likely to ... has been made over the past two decades to narrow ... study published in the March 15, 2009 issue of ... , While previous research has shown that black women are ...
... L & C Internet Enterprises, Inc. has structured a ... the demise of their practice for lack of income. ... on the table all because physicians are never taught ... their medical practice using effective self-marketing. The ...
... and less cell degeneration , , SUNDAY, Feb. 8 ... able to slow or stop Alzheimer,s disease in recent ... brain,s entorhinal cortex, which supports memory, normally produces brain-derived ... when Alzheimer,s is present. When researchers injected BDNF in ...
Cached Medicine News:Health News:DeviceSpace and Medical Device Link Launch Dynamic, Online Career Center 2Health News:DeviceSpace and Medical Device Link Launch Dynamic, Online Career Center 3Health News:RCOG Completes Successful Atlanta Community Prostate Cancer Screening 2Health News:RCOG Completes Successful Atlanta Community Prostate Cancer Screening 3Health News:Pearly Penile Papule Patients Can Successfully Be Treated with Targeted CO2 Technology at La Jolla Cosmetic Surgery Centre 2Health News:Pearly Penile Papule Patients Can Successfully Be Treated with Targeted CO2 Technology at La Jolla Cosmetic Surgery Centre 3Health News:Black women with uterine cancers more likely to die than white patients 2Health News:Unbelievable Lack Of Marketing Knowledge Forces Doctors To Quit Practice. 2Health News:Unbelievable Lack Of Marketing Knowledge Forces Doctors To Quit Practice. 3Health News:Brain Protein May Have Potential Against Alzheimer's 2
(Date:3/27/2015)... 2015  The quality function within the medical device ... quality standards at every stage of the product life ... also have the challenge of balancing quality and safety ... don,t effectively balance these priorities risk funding and staffing ... and regulatory scrutiny. For the third consecutive ...
(Date:3/27/2015)... YORK , March 27, 2015 Levi ... Ohr Pharmaceutical, Inc. (NASDAQ: OHRP ) concerning possible ... statements issued by the Company in connection with its ... GO TO: http://zlk.9nl.com/ohr-pharmaceutical-ohrp or contact Joseph ... jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: ...
(Date:3/27/2015)... 27, 2015 /PRNewswire/ - Medicure Inc. (the "Company") (TSXV:MPH, ... approved the grant of an aggregate of 236,070 options ... consultants of the Company pursuant to the Company,s Stock ... expire on the tenth anniversary of the date of ... anniversary of the date of grant and 50,000 are ...
Breaking Medicine Technology:New Medical Device Quality Study Finds Regulatory Environment is Boosting Quality Spending, Especially for Large Companies 2
... Since 1991 Intersurgical ... breathing filters, heat and ... oxygen therapy products, hand-held ... range of accessories and ...
... Ulti-Mist™ HME product line has the right ... to adults and from intubated patients to ... humidification for both anesthesia and critical care ... provide maximum protection for patients and staff ...
... These hygroscopic condenser humidifiers (HCH) capture ... return them in the inspired gas. Small ... provide bacteriostatic and hygroscopic benefits. Depending on ... adult or small-volume model., ,The adult ...
... capture the patient`s exhaled heat and moisture ... Small and compact, they are specially treated ... on the tidal volume requirements, select either ... adult HCH is ideal for patient tidal ...
Medicine Products: