Healthcare Coverage

Employers keeping retiree drug coverage even after Part D becomes available

Published in Aging and Elder Health Week, February 13th, 2005

Ninety percent of employers currently offering their retirees prescription drug coverage intend to continue offering drug coverage after the new Medicare Part D drug coverage is available in 2006, according to a new survey conducted by the human capital practice of Deloitte Consulting, LLP.

"This is good news for retirees, but it is even better news for taxpayers because keeping employers in the retiree drug-benefit game will save the Medicare program literally millions," noted Martha Priddy Patterson, a director in Deloitte Consulting's human capital practice.

Of those employers, 55% either have decided on or are leaning toward continuing a...

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Source: Aging and Elder Health Week (2005-02-13)

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