30th Aug 2017
Health insurance after retirement: Things that you must know
Retiree health care benefits have undergone a drastic drop in the past few years. According to the Kaiser Family Foundation, the percentage of firms with more than 200 workers that offered retiree health coverage have plummeted from 66 percent in 1988 to 23 percent in 2015. Organizations that still offer such benefits to their retired employees impose many restrictions, increased premiums, and higher cost-sharing requirements that the retiree must pay. If you are on the verge of retirement, it could be a wise idea to consider buying a retirement insurance plan.