"Rising Retirement Healthcare Costs: How Much to Save"

A recent study suggests that retirees may need to save substantial amounts to cover health care costs in retirement, including Medicare premiums and drugs, with estimates ranging from $184,000 for a 65-year-old man to $413,000 for a couple with expensive prescription drugs. Factors contributing to high costs include Medicare premium increases, the program's financial uncertainty, and cutbacks in employment-based retiree health programs. To ease the burden, experts recommend legislative changes to shore up Medicare, early planning, and considering alternatives like Medicare Advantage plans.