Desperate Retirees: The Perplexing Challenge of Covering Retirement Health Care Costs in a YOYO World

27 Pages Posted: 11 Jun 2014 Last revised: 13 Jun 2014

See all articles by Richard L. Kaplan

Richard L. Kaplan

University of Illinois College of Law

Date Written: June 9, 2014

Abstract

A retiree’s single largest and most unpredictable expense is paying for health care, and this article explains the various choices and options that a retiree confronts regarding that expense. The article examines the traditional components of Medicare (Parts A and B), prescription drug plans (Medicare Part D), Medigap coverage, and managed care alternatives, as well as long-term care insurance. Each section addresses the financial trade-offs and time-sensitive decisions that are involved.

Keywords: Medicare, retirement health costs, Medigap, managed care, long-term care

Suggested Citation

Kaplan, Richard L., Desperate Retirees: The Perplexing Challenge of Covering Retirement Health Care Costs in a YOYO World (June 9, 2014). Connecticut Insurance Law Journal, Vol. 20, No. 2, 2014, pp. 433-458; Illinois Program in Law, Behavior and Social Science Paper No. LBSS14-33. Available at SSRN: https://ssrn.com/abstract=2447804

Richard L. Kaplan (Contact Author)

University of Illinois College of Law ( email )

504 E. Pennsylvania Avenue
Champaign, IL 61820
United States
(217) 333-2499 (Phone)
(217) 244-1478 (Fax)

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