Oct 15, 2008

Retiree Health

American businesses provide health care
to over nine million retirees.

The cost of benefits to former employees increases every year. Recent studies by A. Foster Higgins place the inflation rate for retiree health care at over 10%...double the inflation rate for current employee coverage. In fact, the national average cost of providing coverage to retirees is currently closing in on $5000.00 per retiree per year.

• Retirees are a smaller employee population and more geographically dispersed than a company's employees. As a result, retirees often have less access to cost effective benefits.
• Retirees travel frequently and often relocate seasonally. This mobility limits your ability to develop managed care programs.
• Retirees are often uncomfortable with the limits managed care programs place on their ability to select a doctor or receive care.

NSC now offers a new alternative designed to reduce the cost of a retiree benefit program without compromising the quality of benefits available to your retirees.

  

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Copyright © 2008 National Seniors Coalition, Inc.