ObamaCare: you can keep your insurance, but not if they quit offering it. #hcr #tcot

3M has decided to send people who retire before age 65 to the government exchanges instead of dealing with it themselves. 3M is taking a giant step back from managing its retiree health insurance.

Amplify’d from www.wallstreetjournal.com

3M Co. on Friday informed retirees and workers it will stop offering a group health-insurance plan to retirees not old enough for Medicare by 2015, citing the federal health overhaul as a factor.

Americans become eligible for the Medicare insurance program at age 65. Starting in 2015, 3M retirees too young to qualify for Medicare will receive financial support through what the company called a “health reimbursement arrangement” instead of the group insurance plan. The company described that as an account retirees can use to purchase individual insurance through exchanges that the health law creates in 2014.

Read more at www.wallstreetjournal.com


This entry was posted in Uncategorized and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s