I knew few baby boomers who are actually retired. And though they dream of golfing on a Tuesday, they are hesitant to stop working all together.

Who can blame them? The latest estimate on retiree health costs is just short of a quarter million. As if the price tag wasn't hard enough to swallow, if they're a few years shy of Medicare eligibility, pre-retirees know how hard it is just to secure health care.

We all remember when health reform tried to help with this problem through a $5 billion program for early retiree coverage. The program was supposed to provide assistance to employers until Jan. 1, 2014, but the money ran dry less than two years after the program started.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.