Only 26% of Americans Understand Medicare's Coverage Limits, According to a 2025 Study
A 2025 study by TIAA Institute reveals that only 26% of U.S. adults correctly understand that Medicare covers about two-thirds of retiree healthcare costs, with the remaining third requiring out-of-pocket expenses such as premiums and copays. This misunderstanding could lead to financial strain for retirees.
Topics: consumer financial literacy healthcare costs Medicare retirement savings