The $325,000 Expense Most Retirees Aren't Planning For

Although Medicare covers some healthcare costs for seniors, the gaps in this popular program are huge. A recent report from the Employee Benefit Research Institute (EBRI) found a senior couple could need as much $325,000 to have a 90% chance of covering their out-of-pocket costs including Medicare premiums and prescription drugs. A different EBRI study found less than a third of Americans have planned for covering healthcare costs in retirement.