Retiree Medical Costs Are Expected to Moderate but Remain High
Retirees just got some encouraging news: Coming changes to Medicare rules for prescription drugs may help rein in their health costs.
Source: thetimes-tribune.com
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Retiree Medical Costs Are Expected to Moderate but Remain High
Retirees just got some encouraging news: Coming changes to Medicare rules for prescription drugs may help rein in their health costs. In part because of recently enacted limits on retiree prescription drug costs, the estimated cost of health and medical care in retirement overall didn’t rise this year, according to an annual analysis from Fidelity Investments. Sign up for The Morning newsletter from the New York Times A 65-year-old retiring this year can expect to spend an average of $157,500 on
Source: yahoo.com
Employers View Workforce Well-Being as Key to Strategy
Employers expect to return employee well-being benefits to pre-COVID levels in 2024, bringing back yoga, meditation classes, Fidelity and Business Group Health research shows.
Source: plansponsor.com
Health care costs for retired Americans expected to surge next year
The average 65-year-old couple retiring this year can expect to spend an average of $315,000 in health care and other related medical expenses during their retirement, according to Fidelity.
Source: foxbusiness.com
Employers Increasingly Supporting Employees' Work/Life Balance, Mental Health
Diversity, equity and inclusion efforts are also now influencing companies’ well-being programs, a Fidelity survey finds.
Source: plansponsor.com