Tuesday, July 1, 2014
Richard L. Kaplan (University of Illinois College of Law) recently published an article entitled, Desperate Retirees: The Perplexing Challenge of Covering Retirement Health Care Costs in a YOYO World, Connecticut Insurance Law Journal, Vol. 20, No. 2, 2014, pp. 433-458; Illinois Program in Law, Behavior and Social Science Paper No. LBSS14-33. Provided below is the abstract from SSRN:
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.