As more and more seniors evolve into retirement, the need of Medicare as the primary source of health insurance becomes paramount. With recent changes to Medicare reimbursement dictated by the Affordable Care Act (ACA) the unknown amount out of pocket expense Medicare enrollees will be faced with becomes unclear. Once a retiree becomes dependent on fixed income, any unplanned out of pocket expenses makes budget planning an issue.
A recent report from the Center for Retirement Research at Boston College examined the Affordable Care Act, Medicare costs and its impact on retirement security. The more information that can be gathered helps put this problem into perspective.
You can find the complete report at this link: http://crr.bc.edu/wp-content/uploads/2015/11/IB_15-20.pdf