Postemployment benefits: retiree health when individuals have to buy coverage
Article Abstract:
Retired individuals who want to avail of individual coverage may encounter difficulties in securing such coverage. Healthy individuals may purchase individual medical benefits if they can afford the price, however, those with medical problems may avail medical care only through government programs. Moreover, more employers are discontinuing health coverage because of high costs and lack of availability. This may cause a rise in the number of uninsured individuals which will put pressure on state and federal authorities to address the issue.
Publication Name: Compensation & Benefits Management
Subject: Insurance
ISSN: 0748-061X
Year: 1992
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The business environment and the benefits package in the 1990s
Article Abstract:
Employers need to develop a new benefits strategy based on non-traditional systems which relates to business concepts and treats benefits within the overall business context. Benefit planning for the 1990s will emphasise cash management, adapt to a slow economy and a changing workforce and adjust to an older population and cost pressure on all business. Active employee health benefits, retiree health benefits and worker's compensation will be affected by increase in benefit costs. Health care costs, however, will be the major focus.
Publication Name: Compensation & Benefits Management
Subject: Insurance
ISSN: 0748-061X
Year: 1992
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Postemployment benefits
Article Abstract:
Financial Accounting Standard (FAS) 106 is the preferred method of calculating retirement health costs but produces wrong estimates because it does not consider the plan sponsor's credit standing, the financial status of benefits and the availability of funding. FAS 106 mandates all companies to discount their retirement health benefits at the current market yield of double-A securities. However, the true value of medical benefits is determined by discounting at the interest rate to the plan sponsor's unsecured debt.
Publication Name: Compensation & Benefits Management
Subject: Insurance
ISSN: 0748-061X
Year: 1997
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