| What Happens to Health Benefits After Retirement? |
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WOB#7 IntroductionBecause most workers receive health benefits from their employers, retirement often disrupts health insurance coverage. Some employers offer health insurance to retirees, but many firms are cutting retiree health benefits by passing more costs to retirees or eliminating benefits altogether. Few alternatives exist. Private nongroup coverage is generally quite expensive, and few people in their 50s and early 60s qualify for publicly financed benefits. Many workers who cannot obtain retiree benefits from their own employers or their spouses’ employers delay retirement to age 65, when Medicare coverage begins... For full paper in PDF Richard W. Johnson is a research associate of the Center for Retirement Research at Boston College and a principal research associate at the Urban Institute. |