Study shows that firms that offer insurance tend to shy away from older workers...you may have to wait until you are 65 to be eligible for Medicare so the company health plan is the secondary carrier...all in the day's work at looking at cost...BD
Bill Peaster is 74, but he doesn't plan on giving up the job he's held for the last 20 years any time soon. "Some people can't wait until they turn 65 so they can retire," he said, shaking his head. "What they don't think about is that not doing anything affects them mentally and physically, and some who retire don't last too long afterward.
Health insurance costs greatly affect a firms' employment decisions, according to Joanna Lahey, an economics professor at Texas A & M University, who recently has written on the topic for Boston College's Center on Aging and Work.
It's true it generally costs employers more to provide health care for a middle-aged to older employee, he said, but added that after age 65, workers will be eligible for Medicare, which will make the company health plan a secondary provider, cutting the employer's cost. "They (older workers) tend to have high attendance, few personal problems are self motivated and can work without supervision," he said. "They make great role models for younger workers."
0 comments :
Post a Comment