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Financial Security For Future Retirees in Alabama
Financial Security For Future Retirees in Alabama
Rx
10
Alabamas retiree cost score was a mixed bag and resulted in a slightly above-average score. Alabama ranked 7th in the nation
in housing cost burden for older workers, with just 27 percent percent of older households paying 30 percent or more of their
income towards housing costs. The state also ranked relatively well in Medicare generosity, with an average Medicare costsharing liability of $1,673 in out-of-pocket costs for enrollees. However, retirees in the state received just $12,210 in Medicaid
benefits per beneficiary, ranking the state 41st in the nation in terms of Medicaid generosity.
2007
2012
National
Overall Score
5.4
5.5
53.63%
52.13%
46.54%
46.0%
$17,626
$25,841
$29,430
$30,345
3.80%
4.05%
4.09%
4.0%
5.4
$1,685
$1,625
$1,673
$1,745
$13,395
$12,374
$12,210
$16,978
26.1%
28.6%
26.7%
32.7%
5.6
1.6%
1.7%
4.5%
5.3%
$12.20
$12.27
$14.40
$14.76