COMPANY HEALTH BENEFITS VANISHING FOR AMERICAN WORKERS
December 21, 2004
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Eight percent of employers interviewed said they had eliminated subsidized health benefits for future retirees this year and an additional 11 percent said they are likely to do so next year, according to a survey of 333 large firms by the Henry J. Kaiser Family Foundation and the consulting firm Hewitt Associates released Tuesday.
Last year, 10 percent of firms surveyed said they dropped coverage for future retirees.
The latest survey, the groups’ third annual study of health benefits for former employees, also found that companies are passing on to their retirees an increasing share of medical costs, just as they are doing with benefits for active workers.
SOURCE: San Francisco Chronicle
