skip to main content
skip to newscasts

Friday, March 29, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

The latest on the Key Bridge collapse, New York puts forth legislation to get clean energy projects on the grid and Wisconsin and other states join a federal summer food program to help feed kids across the country.

view newscast page
play newscast audioPlay

Republicans float conspiracy theories on the collapse of Baltimore's Key Bridge, South Carolina's congressional elections will use a map ruled unconstitutional, and the Senate schedules an impeachment trial for Homeland Secretary Mayorkas.

view newscast page
play newscast audioPlay

Historic wildfires could create housing and health issues for rural Texans, a Kentucky program helps prison parolees start a new life, and descendants of Nicodemus, Kansas celebrate the Black settlers who journeyed across the 1870s plains seeking self-governance.

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

play audio
Play

Monday, 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.


get more stories like this via email

more stories
The U.S. Supreme Court heard arguments this week about the popular abortion pill Mifepristone and will weigh in on whether the U.S. Food and Drug Administration was correct in how it can be dosed and prescribed. (Ascannio/Adobe Stock)

Health and Wellness

play sound

Missouri residents are worried about future access to birth control. The latest survey from The Right Time, an initiative based in Missouri…


Social Issues

play sound

Wisconsin children from low-income families are now on track to get nutritious foods over the summer. Federal officials have approved the Badger …

Social Issues

play sound

Almost 2,900 people are unsheltered on any given night in the Beehive State. Gov. Spencer Cox is celebrating signing nine bills he says are geared …


The U.S. teaching workforce remains primarily white while the percentage of Black teachers has declined. However, the percentage of Asian and Latinx teachers is rising.(WavebreakMediaMicro/Adobestock)

Social Issues

play sound

Education advocates are calling on lawmakers to increase funding for programs to combat the teacher shortage. Around 37% of schools nationwide …

Environment

play sound

New York's Legislature is considering a bill to get clean-energy projects connected to the grid faster. It's called the RAPID Act, for "Renewable …

Many factors affect a customer's bill amount, including energy usage, weather, and the number of days in a billing period, according to Arizona Public Service. (Jason Yoder/Adobe Stock)

Social Issues

play sound

Earlier this month, a new Arizona Public Service rate hike went into effect and one senior advocacy group said those on a fixed income may struggle …

Social Issues

play sound

Michigan recently implemented a significant juvenile justice reform package following recommendations from a task force made up of prosecutors…

Social Issues

play sound

A mix of policy updates and staffing boosts has helped to put wage theft enforcement on the radar in Minnesota, and officials leading the efforts are …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021