Tale of two counties
Providing retiree healthcare can be costly. Many counties have seen their costs and liabilities rise. Let’s take a look at two counties and see how they handled the challenge.
What Bird County and Solver County have in common:
✓ Group MA plans with an EGWP
✓ Annual retiree healthcare spend increases
✓ Large and growing OPEB liabilities
✓ Exploring benefit reductions; raise retiree premium share
✓ Retirees exit group plan for cheaper individual Medicare plans