While committed to offering the health benefits, switching to ACA individual plans may be one strategy that companies use to continue supporting health benefits to retirees, says WTW survey.
Rising health care costs are leading more employers to consider changing their retiree health benefit plans, a new report has found. For some, this may include switching retirees from a group health insurance plan to an individual plan found on the marketplaces created by the Affordable Care Act (ACA).
Steps to cut costs for retiree group plans have already been implemented by many companies in recent years. And although estimates vary, providing retiree health plans has traditionally been more common among large employers, and is most common for public sector jobs.
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