News Briefs: Growing Share of Large Firms Choose Medicare Advantage for Retiree Health Benefits

Among the large companies that offer health benefits to Medicare-age retirees, 50% provided those benefits through a contract with a Medicare Advantage plan in 2022, according to a new Kaiser Family Foundation analysis. That’s almost double the share of firms — 26% — that did so in 2017. The analysis also noted that about 44% of large employers offering MA coverage to their retirees give them no choice but to receive their benefits through such a plan, and the most common reason the employers elected to contract with an MA plan was cost. Such decisions have not always been well-received: Retired New York City workers are currently locked in a legal battle with Democratic Mayor Eric Adams’ administration over the city’s move to enroll nearly 250,000 retirees into an MA plan managed by Anthem, Inc. in partnership with EmblemHealth.

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© 2023 MMIT
AIS Health Staff

AIS Health Staff

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