Health Costs After 65: Ouch, Even With Medicare  A new study
says you might need to pay out several hundred thousand dollars.
These days, there's one milestone birthday plenty of people look
forward to: the one when they become eligible for Medicare and
can leave all their healthcare worries behind. That's the hope,
anyway. But the reality is that turning 65 takes care of only a
little more than half of subsequent medical expenses. Now a new
study from the Employee Benefit Research Institute shows that a
couple without employer-sponsored retiree coverage can expect to
need anywhere from $194,000 to $635,000 to cover healthcare
premiums and out-of-pocket costs during retirement.  To arrive
at their figures, researchers developed a model that took into
account numerous mortality and investment risk scenarios,
different sources of healthcare coverage, and different
healthcare needs.  Because they live longer, women can always
expect to need more savings to cover their costs than men. So,
for example, a typical