A recent report from Aon Hewitt showed employers are looking to control costs by moving coverage of employees 65 and older from their group plan to the individual Medicare market or a Medicare Advantage plan, according to a Healthcare Finance News report.
A survey of 548 companies included the following results:
• 62 percent of employers are reassessing and altering long-term retiree health strategies.
• 34 percent favor a defined contribution on the public exchange.
• 30 percent want to eliminate pre-65 retiree coverage and subsidies.
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