1. Medicare Beneficiary Savings Employee Benefit Research Institute October 22, 2018
Paul Fronstin and Jack VanDerhei. “Savings Medicare Beneficiaries Need for Health Expenses: Some Couples Could Need as Much as $400,000, Up From $370,000 in 2017.” EBRI Issue Brief, no. 460 (Employee Benefit Research Institute, October 8, 2018).

2. Medicare was not designed to cover health care expenses in full
Medicare was not designed to cover health care expenses in full. EBRI estimates that in 2015, Medicare covered just 60% of expenses.
Payment Sources for Incurred Health Care Expenses* 
2015
Covered by Medicare
Not Covered
Out-of-Pocket: 12%
Private Insurance: 15%
Medicaid: 4%
VA: 3%
Other: 6% 
* EBRI estimates from the 2015 Medical Expenditure Panel Survey.
Paul Fronstin and Jack VanDerhei. “Savings Medicare Beneficiaries Need for Health Expenses: Some Couples Could Need as Much as $400,000, Up From $370,000 in 2017.” EBRI Issue Brief, no. 460 (Employee Benefit Research Institute, October 8, 2018).

3. Savings Needed For Premiums And Out-of-Pocket Drug Expenses
Women’s Savings Targets 
Prescription Drug Needs**
* Author simulations based on assumptions described in EBRI Issue Brief, No. 460.
** Prescription drug needs were evaluated at a “high" level such that retirees were at the 90th percentile of prescription drug expenses throughout retirement, and they were evaluated at the median level.
Paul Fronstin and Jack VanDerhei. “Savings Medicare Beneficiaries Need for Health Expenses: Some Couples Could Need as Much as $400,000, Up From $370,000 in 2017.” EBRI Issue Brief, no. 460 (Employee Benefit Research Institute, October 8, 2018).

4. Savings Needed For Premiums And Out-of-Pocket Drug Expenses
Men’s Savings Targets 
Prescription Drug Needs**
* Author simulations based on assumptions described in EBRI Issue Brief, No. 460.
** Prescription drug needs were evaluated at a “high" level such that retirees were at the 90th percentile of prescription drug expenses throughout retirement, and they were evaluated at the median level.
Paul Fronstin and Jack VanDerhei. “Savings Medicare Beneficiaries Need for Health Expenses: Some Couples Could Need as Much as $400,000, Up From $370,000 in 2017.” EBRI Issue Brief, no. 460 (Employee Benefit Research Institute, October 8, 2018).