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Baby Boomers worry about health insurance

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BLOOMFIELD HILLS, Mich., Jul 02, 2003 (United Press International via COMTEX) -- Fifty-seven percent of baby boomers in a new survey list the cost of health insurance as their top financial concern.

According to the survey, boomers are not confident the money will be there when it's needed. Of those surveyed, 76 percent doubt they will have enough income in retirement and 36 percent reported thinking about their retirement finances nearly every day.

Also on the list of top financial concerns is the loss of social security benefits -- ranked No. 3 at 31 percent -- and the cost of long-term insurance -- ranked No. 6 at 20 percent.

The findings are part of the Baby Boomer Report, commissioned by Del Webb, which builds retirement communities.

Del Webb surveyed approximately 1,300 boomers nationwide to collect their opinions on relocation, financial preparedness and health and fitness.

Copyright 2003 by United Press International.

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