Summary |
The purpose of this book is to provide the reader a fundamental knowledge of the key issues with retiree group benefits. It is important to recognize how both pensions and health care interact with each other as well as differences in the delivery of the benefits. A secondary purpose of this book is to put under one cover, all of the disparate focuses of these complex benefit offerings, including the history of the benefits, Medicare, design strategies, funding options, legal considerations, accounting and actuarial calculation methods.
Employer-sponsored retiree group benefits continue to be an important source of coverage for Medicare-eligible retirees with 35 percent of Medicare beneficiaries covered under employer plans in 2022.
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