Healthcare Finance News December 5, 2022
Half of large employers offering retiree health benefits offer coverage to at least some retirees through a contract with an MA plan.
As Medicare Advantage continues to grow, it’s expected to surpass Original Medicare in enrollment numbers for 2023 as more insurers enter the market, with an increasing number of employer- and union-sponsored retiree health plans offering Medicare-eligible coverage, according to new findings from the Kaiser Family Foundation.
Just 13% of large employers currently offer retiree health benefits to Medicare-age retirees, according to the KFF Employer Health Benefit Survey. Concerns about costs associated with retiree health benefits have led employers and unions to implement changes to limit their financial liability while continuing to offer retiree health benefits, including establishing financial...
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