“many Americans will likely need more savings than cited in this report,” said Paul Fronstin, director of EBRI’s Health and Research and Education Program and co-author of the report, in a statement. That’s because the study doesn’t factor in long-term care expenses and other health expenses not covered by Medicare… and cutbacks are expected in the Medicare program as well as in private employment-based retiree health programs.”
More from EBRI:https://www.ebri.org/pdf/briefspdf/EBRI_IB_460_Medicare.8Oct18.pdf
