Compiled By Tonya Vinas Retirees with employer-supported health-care benefits will likely keep them -- although pay more for them -- while a growing number of future retirees will be on their own. The non-profit Kaiser Family Foundation and benefits consultants Hewitt Associates report these trends as part of a recent survey on retiree health-care benefits. The report found:
- 95% of large employers plan to continue to cover current retirees in the next three years.
- 22% say they are likely to eliminate retiree coverage for future retirees.
- 82% expect to increase retiree premiums, and 85% plan to raise prescription drug co-payments for co-insurance over the next three years. The average retiree premiums increased 19% for pre-65 retirees and 20% for 65-plus retirees between 2001 and 2002.
- 13% say they terminated benefits for future retirees over the past two years.