Companies increasingly are providing retired employees with plans that offer them the flexibility to construct personalized health benefits. And it's a trend that shows no signs of slowing down, according to industry executives.
One of the reasons is the Patient Protection and Affordable Care Act, which is spurring a move to health insurance exchanges that offer a range of options.
"[Retirees] are moving from company sponsored plans to exchanges," said Greg Spencer, principal, Curcio Webb, a benefits consulting firm with operations in Chicago and other U.S. cities. "It allows retirees to spend money on the coverage they want."
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