|
- More than 60 percent of employers are evaluating changes to the long-term medical benefits for retirees in the next 1-2 years.
- 28 percent of employers are in the process of overhauling their retiree medical benefits.
- 15 percent of companies have no plans to change the medical benefits they offer retirees.
- Nearly three-quarters of employers with retirees who collect the Retiree Drug Subsidy from Medicare expect to change their retiree drug benefits.
- 94 percent of those employers believe they will implement changes by 2013 when RDS tax advantages are eliminated; 65 percent say they will do so by 2011.
- 43 percent of employers considering changes to their drug benefits will contract with a Part D Prescription Drug Plan as an alternative.
- More than one-third of employers considering changes to their drug benefits will adopt a defined contribution model.
Source: Hewitt Associates
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
NOT FOR REPRINT
© 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.
