Retiree Health Benefits: Options for Employment-Based Prescription Drug Benefits Under the Medicare Modernization Act

February 14, 2005 Retiree Health Benefits: Options for Employment-Based Prescription Drug Benefits Under the Medicare Modernization Act A long-term decline in the percentage of employers offering retiree health coverage has leveled off in recent years, but retirees face an increasing share of costs, eligibility restrictions, and benefit changes that contribute to an overall erosion in the value and availability of coverage. Although the percentages and time frames differed, two employer benefit surveys showed that the percentage of employers offering health coverage to retirees has declined since the early 1990s; this trend, however, has leveled off. The cost to . . .