July 18, 2008
Colleges and Employees Explore Ways to Provide for Healthy Retirements
The numbers run the gamut from grim to grimmer. According to a new estimate by Fidelity Investments, a typical 65-year-old couple will spend $225,000 on medical expenses during retirement if their employers don't provide coverage. If a couple lived to age 95, the Employee Benefit Research Institute estimated in 2006, they would spend $550,000.
Faculty members and administrators probably assume their colleges will pick up most of the bills; 60 percent of faculty members felt that way in
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