Retiree Health Coverage
Many employers, trusts and unions offer retiree health coverage to retiring employees and their spouses. As the number of retirees continues to grow, many businesses prioritize retiree medical plans to help support former employees.
What Is Retiree Health Coverage?
This type of group health insurance is similar to insurance offered to current employees. It may supplement Medicare coverage for eligible individuals, reducing out-of-pocket healthcare costs at a time in life when access to healthcare is a high priority for many people.
Retiree health coverage can also provide crucial coverage for those who retire before they are eligible to sign up for Medicare. Although private sector employers are not required to provide access to retiree health coverage, doing so can add value to a current benefits package.
Contact Elite Insurance Group today to learn more about how your organization may benefit from providing retiree health coverage to your current and former employees. We can walk you through your options and help you get a quote.