KFF April 12, 2024
Employer- and union-sponsored retiree health benefits have served as an important source of supplemental coverage for people on Medicare. Retiree health plans have helped fill the gaps in Medicare’s benefit design by filling in some or all of Medicare’s deductibles and cost-sharing requirements and offering benefits that are not covered by traditional Medicare, such as dental and vision and a cap on out-of-pocket spending.
For the past 25 years, KFF has tracked trends in employer-sponsored coverage, including retiree health benefits. KFF’s 2023 employer survey shows a drop in the share of large employers (with 200 or more employees) offering health benefits to their retirees from 29% in 2020 to 21% in 2023, down from 66% in 1988. Among large employers...
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