This important research focuses on how employers can significantly cut healthcare costs for retirees by choosing the Medicare Individual Market over group coverage.
Here are some key highlights:
- Significant savings - Employers can reduce their healthcare subsidy by an average of 39% while still benefiting retirees.
- Retiree benefits - Most retirees experience cost savings, with a considerable percentage seeing annual savings of $2400 or more.
- Flexibility and satisfaction - The Medicare Individual Market offers various high-value plans, leading to high satisfaction among retirees.
- Administrative ease - Employers face less administrative burden in managing healthcare plans in the Medicare Individual Market.
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