Our daily roundup of retirement news your clients may be thinking about.

Why the bill to fix Medicare keeps soaring

Congress needs to stop Medicare from lowering the fees paid to physicians since such reductions would prompt more doctors to leave the program, writes Philip Moeller, a research fellow at Boston College's Center for Aging & Work. Consequently, this could lead to a hefty increase in Medicare's long-term costs, while seniors would end up paying most of their medical expenses, Moeller says. –Time Money

Study: Many workers could see cuts in pension benefits

About 50% of workers in employer-funded pension plans can expect reduced payouts under the existing government system if these plans fail, according to a study by the Pension Benefit Guarantee Corp. The reductions in payouts are likely to increase from "typical" loss of about 10%, the study also finds. –Yahoo Finance

This health account can add to a nest egg too

Although a Health Savings Account is meant for out-of-pocket expenses, this tax-advantaged account can be used as a supplement to retirement savings, according to this article in The New York Times. HSA holders enjoy tax benefits for making contributions as well as taking withdrawals. The number of HSAs grew from 4 million in 2008 to more than 10 million at the end of 2014, with assets amounting to $22 billion, according to data from the Employee Benefit Research Institute. –The New York Times

For women, retirement is even riskier

A study by the Transamerica Center for Retirement Studies finds that 54% of female workers intend to retire after they reach 65 or continue working, with 14% of them claiming to be "very confident" they will continue their comfortable lifestyle through their golden years, according to this article on CBS Moneywatch. "Women face greater challenges than men when it comes to planning for retirement but there are action steps we can take," says TCRS President Catherine Collinson, who wrote the report. –CBS Moneywatch

Social Security Q&A: As a high earner, should I take spousal before retirement?

A 63-year-old widow whose survivor benefit was suspended because of her high earnings may consider filing for her widow's benefit on her husband's record when she retires and the shift to her own retirement benefit when she turns 70, according to this article on Forbes. However, the best strategy should be based on her circumstances, so using commercial software can help her determine the best approach to optimize her Social Security benefits. –Forbes

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