Retirement Health Insurance
Show your retiring staff the appreciation they deserve by offering retiree health insurance coverage from Better Business Planning.
As your employees become older, they are more vulnerable and prone to disease, and of course, medical expenses increase every year. At Better Business Planning we provide affordable health benefits for your company to offer retirees. Our benefit programs meet their short-term and long-term objectives. Our goal is to help your employees stay healthy while protecting their financial health. As members of your staff approach retirement, it is important to consider how retirement will affect their ability pay for health insurance. Medicare provides health care insurance to most Americans aged 65 years or older, but most retired persons end up paying large out-of-pocket health care costs.
Many out of pocket health care expenses will be for premiums for Medicare part B, private medical plans, and prescription drugs. Experts estimate that a couple retiring today will need $160,000 in savings to pay for their health care. This includes insurance premiums and uncovered medical expenses – but not long-term care costs.
Medical care has outpaced inflation for the past 20 years, and these increases are expected to continue in the years ahead. Call Better Business Planning right now to learn more about our retirement health insurance!