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More employers turning to Medicare Advantage for retiree health benefits

Posted On: Dec. 2, 2022 9:21 AM CST

Half of employers that offer retirees health benefits do so through Medicare Advantage plans, up from 26% in 2017, according to a new study, reports Becker’s Payer Issues. According to the 2022 Kaiser Family Foundation Employer Benefit Survey published Dec. 1, just 13% of employers with more than 200 employees offer retirees health benefits, but Medicare Advantage is becoming more popular among those who do.  Among firms with more than 1,000 employees, the most cited reason to use Medicare Advantage was that it is less expensive than other programs.