The Retiree Medical Challenge Like so many of your clients today, employers have limited resources both administratively and financially to provide group retiree medical coverage to their post-65 retirees. Simply balancing the needs of their retired population with those of your active employees can be a full-time undertaking, which consumes much time and energy on issues related to and impacted by:
- Rising Health Insurance Costs
- Volatility of the Health Care Marketplace
- Increased Administrative Burden
- Billing and Collections
- Ongoing Retiree Customer Service Issues
Traditionally, many employers have managed their retiree population by offering group retiree medical plans. While these have served many employers and retirees well, the liability and the administration of these plans can place a significant burden on employers and their staff. Today, an AmWINS Group Benefits Medicare Coordination model can help alleviate these issues.
By providing retirees with access to a comprehensive Medicare Coordinator, retirees will have the ability to select from a larger number of plan choices for both medical and prescription drug plans. This is in combination with the assistance of an online internet-based system that will compare individual plan options suitable for these retirees. Additionally, licensed, trained customer service representatives will be available to provide ongoing consultation to retirees as they navigate the enrollment process and require ongoing support throughout the year.
The AmWINS Group Benefits Medicare Coordination model will also allow the employer to significantly reduce their administrative involvement, while still retaining the ability to provide an employer subsidy to eligible retirees that enroll in new individual medical and prescription drug plans.