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Employer-Sponsored Retiree Health Benefits

At a time when senior American’s health care needs are greatest, an employer-sponsored retiree health benefits program can provide a crucial source of health coverage. Senior retirees will rely on employer-sponsored retiree health benefits to cover the medical costs that are not covered under Medicare. Without an employer-sponsored retiree health benefit program many retirees are forced to be without health benefits coverage between the time of retirement and the time when they become eligible to receive Medicare.

There is no legal obligation for an employer to provide retiree health benefits and many employers choose not too. In many cases where employers do offer coverage, many have altered their plans by tightening eligibility requirements thus reducing the terms of coverage while increasing the share of premiums retirees pay for health benefits or increasing co-payments and deductibles thereby contributing to the gradual erosion of benefits.

The erosion of this valuable employment benefit is due to several factors:

- Rising health care costs.
- Larger numbers of employees nearing retirement age.
- Mandated changes in the way employers must account for the long-term costs of providing retiree health coverage.

While employers are under no legal obligation to offer retiree health benefits the employers that choose to offer this valuable coverage do so in order to maintain a competitive advantage in the marketplace while using these and other benefits to attract and retain the best talent available to ensure the company’s profitable future.

Clearly, retiree health benefits are important to employees. It allows them to acquire affordable health insurance coverage at a time when private health coverage might otherwise be financially unattainable.

Ask a qualified Benefit Consultant to show you the wide range of health plan designs that incorporate Medicare or comparable State Health Benefit Plans. Your qualified Benefit Consultant will ensure the best interest of your company in pursuing a policy that will offer these benefits to the greatest extent possible to your employees.

Contact a qualified Benefit Consultant TODAY. Visit http://www.BenefitConsultants.com for more information

About The Author: BenefitConsultants.com is a site where you may find qualified benefit consultants to assist you in finding and pricing a plan for your company

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