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Boomers “Terrified”

Originally posted by United Benefit Advisors (UBA)

More than half of pre-retirees express alarm about how rising health care costs may affect their retirement plans, according to a PLANSPONSOR report on a Nationwide Financial annual survey.

The survey found a 30 percent jump in the number of retirees who said the word “terrified” described their anxieties about paying for health care costs in retirement. Survey respondents said they were concerned about not understanding PPACA and also were worried about long-term care and not knowing what their out-of-pocket expenses for health care would be in retirement.