Expert: Retirees need advisers' help as health benefit options decline

07/30/2013 | Financial Advisor online

Advisers have an opportunity to help clients plan for health care costs in retirement because research shows a decrease in employer-provided group health coverage for retirees, said Paula Muschler of Allsup Medicare Advisor. A Kaiser Family Foundation survey last year found that 25% of employers with at least 200 workers offered retirees group coverage, while 32% offered such coverage in 2007 and 66% did so in 1988. "Along with Medicare timing and coverage options, financial advisers can help retirees examine their anticipated health care needs and financial resources," Muschler said.

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