Cut Loose: Companies Trick Retirees out of Health Benefits / Anne-Marie Cusac.
by Cusac, Anne-Marie; SIRS Publishing, Inc.
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Articles Contained in SIRS Enduring Issues 2002.
Originally Published: Cut Loose: Companies Trick Retirees out of Health Benefits, April 2001; pp. 21-25.
"According to a December 2000 study by William M. Mercer, Inc., a human resources and benefits firm, only 31 percent of companies with 500 or more employees now provide health coverage to retirees under the age of sixty-five...This is down from 35 percent in 1999 and 46 percent in 1993. The number of larger companies covering insurance for seniors ages sixty-five and older also fell, from 28 to 24 percent." (PROGRESSIVE) This article examines insurance coverage rates among retirees and maintains that "this was the seventh year in a row that retiree insurance coverage declined.".
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