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PNS Daily Newscast - October 21, 2020 


A new report sizes up swing states like Michigan; voters with disabilities face new obstacles in Election 2020.


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Democrats weigh boycotting the committee vote on Trump's Supreme Court nominee; and concerns over mail slowdowns in 10 battleground states.

$250,000 for Retirement Health Care - In Addition to Medicare ... and Housing

June 16, 2008

Pembroke, NH - Even people who think they've planned well for retirement are getting an unpleasant dose of financial reality, and rising medical costs are to blame. New research from the Employee Benefit Research Institute shows a married couple must save more than $250,000 for healthcare costs that Medicare won't cover in their senior years. And that's over and above what they'll need to cover other, basic living expenses.

Kelly Clark, with AARP New Hampshire, says this confirmation of what many already suspected, will be an added source of stress for many Granite State Baby Boomers.

"Individuals that have actually planned for retirement in general, are very concerned in the current economic conditions, about how long the retirement savings that they put aside will last, and the increase of healthcare costs clearly is a major contributor to that."

Clark notes the economic squeeze is already pinching New Hampshire retirees.

"Oftentimes, people are just one healthcare crisis away from bankruptcy. Whether it is looking at their Medicare Part D - if it's a pharmaceutical challenge - or other resources that may have been available to them, they may have fully exhausted them."

Although there's no immediate solution in sight, Clark adds AARP is working to make sure the issue earns a spotlight in the presidential campaign. Candidates McCain and Obama have both signed on to the group's "Divided We Fail" healthcare initiative, a national call to action aimed at uniting political parties to fix the healthcare crisis.

The EBRI's report is available online at www.ebri.org.

John Robinson/Craig Eicher, Public News Service - NH