More retirees facing new health insurance decisions
The Detroit Free Press reports GM retirees will lose their company health insurance as of Jan. 1.
A snippet:
Salaried Chrysler LLC and Ford Motor Corp. retirees had to make similar choices in the past two years, after receiving years of coverage for medical, dental, vision, prescription drug and some rehabilitation services with modest co-pays.
Although half of American employers still offer health benefits to retirees, the trend is to drop retirement health plans for newer workers or freeze coverage for current retirees to save money, according to the Kaiser Family Foundation, a nonprofit health research organization.
Now GM retirees also must navigate the confusing world of Medicare — a health insurance plan some find so bewildering that many settle for costlier plans without doing the research to find cheaper, more comprehensive ones.
Posted: July 16th, 2008 under In the News, Medical bills, Senior citizens.
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