Authors' simulations based on assumptions
New Research From EBRI: Estimates Show More Precise Retiree Health Savings Needs
Published in MD Week, June 20th, 2008
The nonpartisan Employee Benefit Research Institute (EBRI) published a new, more comprehensive set of estimates of the amount of money individuals and couples will need to cover certain health care expenses in retirement. The new estimates attempt to provide more information to allow men, women, and couples to deal with the financial consequences of longevity and investment risk as well as the various types of medical care coverage available when they reach age 65.
The new estimates, published in the May 2008 EBRI Issue Brief, use a Monte Carlo (random) simulation model to estimate the amount of savings needed to cover health insurance premiums and out-of-pocket health...
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Source: MD Week (2008-06-20)
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