Nova 401(k) Associates
Compensation Strategies Group, Ltd.
The Retirement Plan Company (TRPC)/an ABG firm
Atlantic Pension Services Inc
Nicholas Pension Consultants
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|New Retiree Medical Options Rein in Cost|
Apr. 19, 2015
"In the past, offering retiree medical benefits meant sponsoring, administering, communicating, and perhaps financing the plans. Most often employers self-funded retiree plans, exposing themselves to large claim risks. With the advent of prescription drug coverage for Medicare retirees in 2006 and the opening of public exchanges to pre-Medicare-eligible retirees in 2014, employers gained viable options for fully insured, guaranteed-issue individual coverage for their retirees, often at a lower cost for both parties.... Survey results suggest that all these options are adding up to cost savings for employers."
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