Some Relief from the High Cost of Health Insurance (BusinessWeek Online)

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Some Relief from the High Cost of Health Insurance
    (BusinessWeek Online)

 

BusinessWeek Online - The rise in corporate layoffs over the last 15 months is leaving more people, especially those close to retirement age, scrambling to find health insurance they can afford. "It's the early baby boomers, in the 58- to 64-age bracket, who are the ones getting downsized," says financial planner Charles Auerbach, co-founder of Wealth Strategies Group in Cordova, Tenn. Not only do they lose their last years of income when they get laid off, the "insult to injury is they're going to see their health-insurance payments double or triple," he says.


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