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More employers considering moving retirees to exchange-based individual market

With the new changes under the Patient Protection and Affordable Care Act, more employers are considering switching retirees to an exchange-based individual market system, says John Grosso, a health care actuary and leader of retiree health care sub-practice at Aon Hewitt, a global human resources solutions provider.

By Amanda McGrory-Dixon | Updated on October 05, 2012

With the new changes under the Patient Protection and Affordable Care Act, more employers are considering switching retirees to an exchange-based individual market system, says John Grosso, health care actuary and leader of retiree health care sub-practice at Aon Hewitt, a global human resources solutions provider.

In fact, according to a recent Aon Hewitt survey, six in 10 employers have reconsidered or are now reconsidering their retiree health care strategies and other alternatives. Among the respondents that are open to changes, 63 percent are implementing or weighing a move toward an individual market strategy that would allow them to leverage a health exchange partnership.  Another 65 percent of respondents report that they will consider moving pre-Medicare retirees to an exchange strategy after 2013 – even without a subsidy. 

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