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Will Auto-IRA Programs Affect Medicaid Enrollment?

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  • Karolos Arapakis
  • Laura D. Quinby

Abstract

In recent years, 16 states have launched or are preparing to launch auto-IRA programs that require employers without a retirement plan to auto-enroll their workers in an IRA. Although studies have begun to document outcomes in the nascent auto-IRAs, less attention has been paid to their interaction with other safety net programs, particularly Medicaid. This project uses a simulation model to explore whether low- and middle-income households will delay or forego Medicaid recipiency because of their new auto-IRA savings. Specifically, it estimates how many Medicaid-free years future households could buy with their auto-IRA balances if a national program had launched in 2019.

Suggested Citation

  • Karolos Arapakis & Laura D. Quinby, 2024. "Will Auto-IRA Programs Affect Medicaid Enrollment?," Working Papers, Center for Retirement Research at Boston College wp2024-14, Center for Retirement Research.
  • Handle: RePEc:crr:crrwps:wp2024-14
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    File URL: https://crr.bc.edu/will-auto-ira-programs-affect-medicaid-enrollment/
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