Retirees and Laid-Off Employees Struggle Facing Health-Care Costs

March 2009
A 65-year-old couple retiring this year should have saved $240,000 to cover their medical expenses, even with help from Medicare. That's up from $225,000 in 2008, according to the Denver Business Journal, noting the rising costs of health care as a critical factor in retirement planning. But for many workers, it's tough to even think about saving and investing when looking for jobs. At least those who were laid off by small companies can get their health insurance covered by the feds for 18 months, writes The Denver Post. As for residents in Fort Collins who wanted answers about home foreclosures, they'll have to wait. A representative from the Colorado Banker's Association was a no-show at a forum this weekend organized by two Democratic state representatives, according to the Coloradoan. Meanwhile, some workers might be debating the merits of the Employee Free Choice Act, as officials with the Colorado Association of Commerce and Industry travel to Washington, D.C., to lobby against the measure, writes the Denver Business Journal. One primary target: recently appointed U.S. Senator Michael Bennet, a Democrat.