"The individual market for Medicare-eligible retirees dates back to the introduction of the Medicare Part D program in 2006, but rising health care costs and federal health care reform have led a growing number of employers to consider the exchange model as a cost-effective way to provide health coverage to their retirees, according to the Aon Hewitt 2013 Retiree Health Care Surveyof 548 private and public plan sponsors representing 3.8 million retirees.
Key provisions of the law won’t take effect until at least 2014, but nearly two-thirds of survey respondents have already begun reassessing their long-term retiree health strategies. Among those that have decided to make changes in how they provide coverage to their post-65 retirees, more than 40% plan to replace their traditional group retiree health benefit with one that directs retirees to the individual market, often giving them a defined contribution subsidy to offset the cost. More than half of those looking to take action in the future indicate strong interest in the exchange-based DC approach."
For a full copy of the publication, click here.
No comments:
Post a Comment
Please be aware that all comments are moderated before posting. As a result, there may be a delay between the time you submit a comment and when it is posted.