Planning for Health Care in Your Retirement

With the oldest baby boomers turning 60 this year, millions of Americans may soon reach the sobering conclusion that they haven't set aside enough money to cover their health-care costs in retirement.

Increasingly, companies are eliminating retiree health benefits or cutting back coverage. Even if you are one of the fortunate few to have an employer-sponsored health plan, you may encounter significant cost-sharing. And if you plan to retire before you become eligible for Medicare, you may have to pay the entire premium on your own.