Whether it is Medicare or your employer health benefits plan, unlimited benefits and unlimited costs are not going to last. The current concept zeroing in on both plans is the defined contribution. This is vastly different from the current defined benefit approach … Think 401(k) plan versus a traditional pension plan.
To learn more about what this may mean to you, read this blog post on Health Insurance Illuminated.
QUINNSCOMMENTARY 
Most companies have done away with Pension Plans so young folks today must rely on any 401k program a company offers. If the company doesn’t offer a plan then they must rely on personal spending. Don’t count on that. Companies have also done away with retire healthcare as mine did, so must rely on other options.
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