Health Insurance Cuts Hurt Retirees
USA Today (10/01/02) ; Appleby, Julie

More and more people reaching retirement age are discovering that fewer companies provide assistance with health insurance coverage after workers retire, or that companies are charging retirees more to provide that assistance, and some companies are reducing benefits for those already retired. Many people are not saving enough for retirement, and many are not considering retirement health care at all, but retiree health insurance is not a protected benefit, and the recession is not helping since retiree coverage has to be listed as a current liability. According to benefit consultants, public policy must change so employers are encouraged to continue providing benefits and so workers are encouraged to plan more carefully, and Medicare must cover prescription drugs and provide incentives for patients to use the most efficient care.


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