Companies increasingly are providing retired employees with plans that offer them the flexibility to construct personalized health benefits. And it's a trend that shows no signs of slowing down, according to industry executives.
One of the reasons is the Patient Protection and Affordable Care Act, which is spurring a move to health insurance exchanges that offer a range of options.
"[Retirees] are moving from company sponsored plans to exchanges," said Greg Spencer, principal, Curcio Webb, a benefits consulting firm with operations in Chicago and other U.S. cities. "It allows retirees to spend money on the coverage they want."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
