Eye on 65 showcases creative ways for public sector plan sponsors to keep the promise of retiree health care.
Ask public sector employees why they chose a government job, and many will note the expectation of a stable pension and retiree health benefits.
But the percentage of public sector retirees who receive these benefits is shrinking. Five years ago, 83 percent of state and local governments provided retirees health care coverage; today it’s 68 percent. And retirement without health care isn’t very secure.
Via Benefits helps plan sponsors make sense of the various options available when it comes to their retiree population’s healthcare benefits. From Group Medicare Advantage Plans to individual marketplaces for Pre-Medicare retirees health reimbursement arrangements, Via Benefits helps plan sponsors manage change and helps retirees navigate choice. Subscribe to Eye on 65 with WTW’s Marianne Steger and Nina Krammer to find out how plan sponsors can sustain their retiree healthcare programs while offering their retirees personalized plans that fit their unique needs and budgets.