Grant’s Go-To’s: The Cost of Health Care – Another Reason to Save
Even though many costs decline in the retirement years, health care costs increase. As people get older, they visit their doctors more frequently and use more prescription drugs. In addition, healthcare costs tend to outpace inflation. Retiree medical costs are a significant expense, and yet another reason why creating opportunities to encourage workers to save for their retirement years throughout their careers is so important.
But Does It Actually Work?
It’s now been over three years since the first workers started saving through state-sponsored retirement plans, and because states took an open approach and provided access for researchers to do their important work, we’ve seen a steady stream of extremely interesting findings and reports come out to help answer some of the biggest questions in the retirement policy world.
Grant’s Go-To’s: Mid-year State of the States
This installment of Grant’s Go-To’s provides a mid-year roundup of the status of 2021 state-facilitated retirement legislative proposals.