"Eubulides" <[email protected]> wrote: > International Business Machines Corp. plans to move about 110,000 > retirees off its company-sponsored health plan and instead give them a > payment to buy coverage on a health-insurance exchange, in a sign that > even big, well-capitalized employers aren't likely to keep providing > the once-common benefits as medical costs continue to rise.
IBM isn't in good financial condition. If it were to be broken up the share holders would be left with nothing. Don't expect HP, Apple, or Microsoft to buy it. A Reuters article which doesn't cost money to read indicated that retirees were going along with the change which offers them better benefits. When retirees reach 65, most will go over to Medicare and will need a supplemental plan to cover what Medicare doesn't pay, but until Obamacare is fully implemented, drug coverage will still have a donut hole which can be quite costly. -- Ron
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