An Alarming Trend in Retiree Health Benefits

First IBM.  Now Time Warner.  In what is likely to be an accelerating trend, each of these companies in the last week has publicly announced a plan to stop paying directly for retiree health benefits.  Rather than paying for these benefits, retirees will now be given a flat dollar amount per year to buy insurance off of one of several privately run healthcare exchanges.

These exchanges are similar to the newly created state-based healthcare insurance exchanges that states are busy setting up in advance of the October 1, 2013 deadline to enact the Affordable Care Act.  In spite of years of planning, most of the exchanges are not ready to begin enrolling new members, with some resorting to a toll-free phone number for members to call and “order” healthcare coverage.

This is part of a larger trend whereby the burden of making healthcare decisions is falling to the average consumer; but unlike buying a big screen tv or even a car, there is a lack of pricing transparency and even a way to compare the different options.  Searching for the right long-term-care option is no different.  That is why we are here to serve as your personal healthcare ambassador, shedding some light on how the assisted living space operates, and providing a customized search that best matches the needs of your loved ones.  Email us today for a free 30 minute consultation, or simply fill out the form below.

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