The shrinkage of employee retirement resources in the U.S. has been well documented, as employers shift more risk onto their workers. Less so is the rate at which employers have been eliminating healthcare benefits for retirees. As the Kaiser Family Foundation recently reported, retiree health coverage is becoming an endangered species.
"Employer-sponsored retiree health coverage once played a key role in supplementing Medicare," observe Tricia Neuman and Anthony Damico of the foundation. "Any way you slice it, this coverage is eroding."
Read Full Article »