What you need to know about Employer sponsored Medicare Retiree Plans.
It’s becoming increasingly common for employers to offer Medicare-related insurance options to their eligible workforce and retirees.
Medicare vs Company
While coverage through your company health plan allows you to postpone Medicare past 65 without the fear of Medicare penalties, it is still wise to consider your options.
When eligible for Medicare, typically, there are 3 options to choose from
Retiree Plan - Medicare Supplement (Medigap) - Medicare Advantage (Part C)
There is a fourth option added to the mix.
A plan called a Medicare Medical Savings Account (MSA).
An MSA might be a better option
A Medicare Medical Savings Account (MSA) allows companies to shift risk and costs away from your group retiree plan while still offering employees a stellar healthcare benefit.
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Eliminate your retiree plan costs because the MSA offering cost to the employer nothing.
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Your employees do not have any premium costs either with an MSA. $0 Premium
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Your retirees actually receive money deposited from Medicare into their MSA.
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Because there is NO network. Retirees can visit any provider or facility in the country that participates with Medicare (97% of all providers nationwide).