IBM will give many retirees money to purchase health coverage through a health-insurance exchange program, according to a report by the Associated Press. The company is shift retirees away from its own health care plane to reduce a potential tripling of health insurance costs in 2020 due to the large number of retirees who would be Medicare eligible by then, according to the report. Read the Associated Press report in The Buffalo News.
Reported by bizjournals 2 hours ago.
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