The phenomenon known as poor costing means many workers are not able to retire because of the financial costs related to medical care.
workers want health insurance for themselves and their families in order to protect against the catastrophic costs of serious illness and ensure access to medical care. Employment based health benefits lower retirement age by 1.3 months.The retirement choice is also depend on the cost of coverage to workers.
The empirical studies also show that the availability of health benefits affects retirement choices. To access employer -sponsored retiree health benefits substantially increasing the livelihood of early retirement. According to the study that health insurance and health affect workers productivity turnover, and retirement decisions.
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