Retirees Will Shoulder More of the Cost in &#39;05
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As many of the nationâs largest employers struggle to control rising retiree health costs, they are asking their retirees to pay more and plan to do so again in 2005, according to new survey results.
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MILLIONS face working an extra five years and saving more for their retirement to plug a Â£57bn pensions black hole, a report will warn tomorrow.
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Employers&#39; healthcare costs are expected to increase by an average of 11.3 percent in 2005, which outpaces inflation but is lower than 12.
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Older Americans will have to pay about 17 percent more next year for their government-run health insurance, U.S. officials announced on Friday.
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Retirees face a whopping medical bill in their golden years.
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They'll likely work more, and their savings will have to last longer.
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With a new Medicare drug benefit set to begin in 2006, Americans 65 and older can expect to spend a large and growing share of their Social Security checks on
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SAN FRANCISCO (CBS.MW) -- Despite absorbing three straight years of double-digit increases in retiree health-care costs, more than half of employers that offer retiree health and drug coverage plan to keep it when the Medicare prescription drug benefit
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Retirees for a third straight year are paying double-digit increases for healthcare coverage through their former employers, which are shifting a greater share of the cost to new retirees, according to a study released yesterday.
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Few Employers Say They Will Drop Coverage In 2006 When Medicare Drug Law Is Implemented - As businesses struggle to control rising retiree health costs, they are asking their retirees to pay more and plan to do so again in 2005, according to a new survey
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Prepare to dedicate more of your budget to healthcare: The nation is expected to be spending $1 of every $5 on it by the end of the decade.
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Time is on their side when it comes to earning money for retirement.
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Employers can reduce their health insurance expenses for retired workers once they turn 65 and qualify for Medicare, the Equal Employment Opportunity Commission has affirmed.
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Medicare&#39;s new prescription drug coverage should help most elderly, including some of the poorest beneficiaries, save money, but nearly a quarter will pay more for medicine
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The standard Medicare premium will rise to $96.40 a month next year, an increase of $2.90 a month. The 3.1 percent increase is the smallest since 1999-2000.
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Most employers that offered retiree health benefits this year will continue to do so in 2005. But the percentage of employers that are dropping retiree benefits for current retirees will rise to 11% in 2005
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The savings you need to live comfortably may be more thank you think.