New law that will allow employers to shift employees 65 and older to Medicare...BD
A new federal regulation allows employers to reduce or eliminate health benefits for retirees when they turn 65 and become eligible for Medicare. Although that will cause distress for some, it is a welcome step that could help slow the deterioration of employment-based health insurance. It seems likely that the new rule will help far more people than it hurts. It has been denounced as discriminatory by AARP, the main lobby for elderly Americans.
In late December, acting in accord with a favorable appeals court decision, the Equal Employment Opportunity Commission ruled that employers could drop coverage of older retirees or offer them plans that would supplement Medicare or comparable state insurance programs while providing better benefits to younger retirees.
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