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Retiree Health Care

Study: Couple Retiring in 2012 Needs $240K to Cover Medical Expenses

May 9, 2012
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Of the $240,000 needed to cover a retired couple's health care expenses, Fidelity estimates 32 percent will go toward paying Medicare Part B and Part D premiums; 45 percent will be consumed by expenses not covered by Medicare; and 23 percent will be spent on out-of-pocket prescription drug expenses.
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Early Retiree Health Care Plan Sponsors Have to Dec. 31, 2014, to Use ERRP Funds

March 19, 2012
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Under the ERRP, early retiree health care sponsors are reimbursed for 80 percent of claims—up to $90,000—after a participant incurs $15,000 in expenses.
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Biggest Expense for Americans Over 50? Not Health Care

February 15, 2012
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Out-of-pocket costs on drugs and medical insurance are the second most costly item for older folks.
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American Airlines Wants to Terminate Pension Plans

February 1, 2012
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The termination, if approved, would shift billions of dollars of promised but unfunded benefits to the Pension Benefit Guaranty Corp., resulting in the biggest loss ever for the agency.
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Boomers Roll the Dice, Skip Meds to Make Ends Meet

January 11, 2012
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Falling investment returns, rising costs of necessities has pre-retirees cutting back on prescriptions and skipping doctors' appointments, study finds.
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IRS Issues Guidance on Reporting Health Cover Costs on Employees' W-2s

January 4, 2012
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The latest information makes clear that employers can—but are not required to—report contributions to health reimbursement arrangements in calculating health care costs.
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Survey Set for Employers on How They Used Early Retiree Reimbursement Funds

November 16, 2011
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Under the $5 billion Early Retiree Reinsurance Program set up as part of the health care reform law, approved plan sponsors have received partial reimbursement of claims they have paid.
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Report: Governmental Entities Benefit Most from Early Retiree Program

October 31, 2011
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Federal agency says of the more than $2.7 billion that was paid out through June 30, 45.6 percent went to governmental entities while 36.6 percent went to commercial entities, such as self-funded private employers.
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President to Sign Bill Increasing Health Insurance Subsidies for Certain Workers

October 18, 2011
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President Barack Obama on Oct. 21 will sign trade legislation that also will boost federal health insurance premium subsidies for employees who lose their jobs because of foreign competition and older retirees in failed pension plans, the White House announced Oct. 18.
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