The study’s authors note that healthcare costs are largely dependent on individual circumstance, but enrollees in Medicare Advantage have lower retirement savings targets than counterparts in traditional Medicare.
A couple enrolled in a Medigap plan with average premiums would need $212,000 in savings to have a 50 percent chance of affording all their healthcare expenses, and $318,000 saved to have a 90 percent chance of covering all these expenses.
Compared to counterparts in Medigap plans, MA enrollees would need less savings, on average, the study’s authors found.
A couple in a MA plan would need $123,000 in savings to have a 50 percent chance of covering all their healthcare expenses and $184,000 for a 90 percent chance.
Read more here.
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