Medicare and Medicaid
Health Insurance a Key Component in Financial Planning
Published in Lab Business Week, May 11th, 2008
Many people think they understand how health care expenses will impact them but often grossly underestimate their future health care costs. Many also believe they will be able to rely on coverage from Medicare and their employers during their golden years. However, this may not be the case, as the number of businesses offering retiree health benefits is steadily declining and the financial pressure on Medicare seems to be increasing.
That's why Blue Cross and Blue Shield of Illinois (BCBSIL) is participating in the Federal Reserve Bank of Chicago's Money Smart Week April 20-26, an educational effort that teaches people ways to manage money wisely.
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Source: Lab Business Week (2008-05-11)
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