Hewitt Finds 13% Increase In Retiree Plan Costs
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Most employers that offered retiree health benefits this year will continue to do so in 2005. But the percentage of employers that are dropping retiree benefits for current retirees will rise to 11% in 2005
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To cope with rising health care costs, companies are asking current retirees to pay more for health insurance and some are telling future retirees to do without, according to a study released yesterday.
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The Bush administration is advancing a proposal to levy higher premiums and deductibles on upper-income seniors enrolled in Medicare's new prescription drug benefit, raising fees on beneficiaries with incomes over about $80,000 a year, administration officials said yesterday.
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Medicare premiums will rise 17.4 percent next year, or $11.60 a month, the largest dollar increase in the program&#39;s 40-year history, the US Health and Human Services Department said Friday.
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Most elderly and disabled people on Medicare will see their premiums rise to $93.50 a month next year, a 5.6 percent increase that is much lower than had been anticipated.
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Federal officials say rising costs, increased payments and some new benefits mean Medicare must raise its Part B premium 17% next year for most of the nearly 42 million seniors and disabled people covered by the program.
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Employer-sponsored health insurance premiums increased an average of 11.2% in 2004 -- less than last yearâs 13.9% increase, but still the fourth consecutive year of double-digit growth, according to the 2004 Annual Employer Health Benefits Survey
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The cost of insurance is set to rise as new rules governing the industry come into force on Friday.
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Retirees shouldered a much larger share of their health-care costs in 2004 and should expect to pay even more next year, says a new report that casts an even dimmer outlook for people who are still in the workforce.
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Medicare premiums for doctor visits will rise about 17.4 percent next year, the Bush administration said yesterday. The $11.60-a-month increase is the largest in the program&#39;s 40-year history.
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Employers watched their health insurance premiums jump 11.2 percent in 2004, lower than last year&#39;s hike of nearly 14 percent but about five times the rate of inflation and the increase in workers&#39; earnings, according to a closely watched annual survey of
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The cost of employer-sponsored health insurance premiums has increased 6.1 percent this year, below the 7.7 percent increase in 2006, a new report says.
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The 42 million disabled and elderly Medicare beneficiaries will be hit with the largest premium increase in 15 years, Bush administration officials said Friday.
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WASHINGTON - Medicare premiums for doctor visits will rise 17 percent next year, the Bush administration said Friday. The $11.60-a-month increase is the largest in the program's 40-year-history...
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Social Security benefits for more than 47 million Americans will increase 2.7 percent next year, the government announced today. But higher Medicare premiums will take
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The Department of Health and Human Services announced Friday afternoon the largest increase ever in Medicare premiums, an increase of over 17 percent that will affect 38.
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The cost of employer-provided health insurance rose 6.1 percent this year, the smallest jump since 1999 but still well above the increase in wages and consumer prices, according to an annual survey released yesterday by the Henry J. Kaiser Family Foundation.