Brief Rising Health Care Costs Lead Workers to Delay Retirement
Richard W. Johnson, Rudolph G. Penner, Desmond Toohey
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Older men who expect high health care costs for themselves or their spouses after age 65 retire about 13 months later than those who expect low costs. The difference for women is 12 months. For those receiving health insurance from their employers, continued work reduces the risk of high out-of-pocket health care costs. Working longer also increases retirement incomes, making health care costs more affordable.
Research Areas Health and health care Aging and retirement
Tags Health insurance Pensions Medicare Medicare and private health insurance Retirement policy
Policy Centers Income and Benefits Policy Center