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Plan sponsors, retirees could benefit from retiree health exchanges

As more than 60 percent of employers are examining their long-term plans for retiree health strategies, plan sponsors as well as retirees could find value and cost savings with retiree health exchanges.

By Amanda McGrory-Dixon | Updated on March 28, 2013

As more than 60 percent of employers are examining their long-term plans for retiree health strategies, plan sponsors as well as retirees could find value and cost savings with retiree health exchanges, according to a new analysis by Aon Hewitt, a human resources consulting and outsourcing firm.

While 20 percent of respondents provide guided entryway to the individual Medicare retiree plan market via individual health exchanges, two-thirds of respondents are open to this strategy in the future. With this kind of model, respondents could cut their gross retiree medical spend by 20 to 50 percent yearly.

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