Haughn & Associates, INC.

The Milwaukee Journal Sentinel (5/21, Boulton) reported, "Women who retired last year will need an average of $93,000 in savings to pay for healthcare expenses in retirement," and men will need an average of $65,000, according to an estimate by the Employee Benefit Research Institute. An "estimated 24% of the people who retired last year will need more than a year of nursing home care, and 9% will need more than five years of care, according to the Center for Retirement Research at Boston College." The article noted, "Premiums for supplemental insurance, or Medigap, cost $2,160 to $2,700 a year in the Milwaukee area for someone who is 75. Medicare Part B, which covers physician fees and other services, runs $1,157 this year." And, in Wisconsin, Medicare Part D averages $528 this year.