Health Payer Intelligence December 20, 2023
For many retirees, a Medicare Advantage plan may be the only option they have for receiving retiree health benefits.
Most large employers used to offer retiree health plans, but in 2023, only a fifth of them did, according to a KFF brief. Among those that do, many have turned to Medicare Advantage to supply these supplemental benefits.
Over more than three decades, the share of large employers offering retiree health plans dropped from 66 percent to 21 percent. Of those offering retiree health plan benefits in 2023, 52 percent cover at least a portion of their retiree population through Medicare Advantage, compared to 26 percent in 2017.
Providing Medicare Advantage coverage for retirees is one way employers lower retiree health...
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