Close Close

Life Health > Health Insurance

Watson Wyatt: Big Employers Shift To Retiree Medical Accounts

Your article was successfully shared with the contacts you provided.

NU Online News Service, Nov. 18, 12:43 p.m. – More big employers are setting up retiree medical accounts, rather than traditional retiree medical plans, to help retirees pay for health coverage, according to a new study from Watson Wyatt & Company, Washington.

Researchers at the benefits consulting firm surveyed 56 large employers and found that 13% are using “RMAs” to fund retiree health benefits for new employees, and 7% will be using RMAs to fund health benefits for all retirees who qualify for health benefits in the future.

The same employers use RMAs to fund health benefits for only 2% of current retirees, Watson Wyatt says.


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.