© 2006 SHRM SHRM Weekly Online Survey: January 03, 2006 Retiree Health Benefits Sample comprised of 321 randomly selected HR professionals. Analyzing 321

© 2006 SHRM

SHRM Weekly Online Survey: January 03, 2006

Retiree Health Benefits

• Sample comprised of 321 randomly selected HR professionals.

• Analyzing 321 of 2993 emails sent, 2691 emails were received (response rate = 12%).

• Survey fielded January 3 – January 9, 2006; presentation generated on January 11, 2006.

• Margin of error is +/- 5.0%

© 2006 SHRM


Do you currently offer retiree health benefits?

No, 74%

Yes, 26%

n=321

© 2006 SHRM


Do you currently offer retiree health benefits?

Choice Count Percentage Answered

Yes 82 25.5%

No 239 74.5%

© 2006 SHRM


Do you coordinate the retiree health benefits with Medicare eligibility, i.e. offer Medicare as the primary payer and the employer-sponsored plan as supplementary or secondary coverage?

Yes, 70.70%

No, 29.30%

n=82

© 2006 SHRM


Do you coordinate the retiree health benefits with Medicare eligibility, i.e. offer Medicare as the primary payer and the employer-sponsored plan as supplementary or secondary coverage?


Yes 58 70.7%

No 24 29.3%

© 2006 SHRM


If the law were changed to prohibit the coordination of an employer's health care plan with Medicare, would your employer-sponsored plan continue to provide retiree health care coverage?

Yes, 61%

No, 39%

n=58

© 2006 SHRM


If the law were changed to prohibit the coordination of an employer's health care plan with Medicare, would your employer-sponsored plan continue to provide retiree health care coverage?


Yes 31 60.8%

No 20 39.2%

© 2006 SHRM


Which of the four options under the Medicare Modernization Act do you plan to offer? (Check all that apply)

44%

33%

41%

20%

Retiree Drug Subsidy Contracting with aPrescription Drug plan

Supplemental Coverage Drop Coverage

n=82

Percentage will not add to 100% as multiple responses were allowed

© 2006 SHRM


Which of the four options under the Medicare Modernization Act do you plan to offer? (Check all that apply)

Choice Count Percent of Sample

Retiree Drug Subsidy: Employer sponsors may seek federal subsidies by sponsoring and certifying equivalent prescription drug coverage through a group health plan.

31 9.7%

Contracting with a Prescription Drug Plan: Employer sponsors may contract with a prescription drug plan or Medicare Advantage prescription drug plan.

27 8.4%

Supplemental Coverage: Employer sponsors may encourage participants to become beneficiaries of Part D Coverage, and provide separate, prescription drug coverage that supplements, or “wraps around” the coverage offered under Part D plans.

31 9.7%

Drop Coverage: Employer sponsors may eliminate existing prescription drug coverage for retirees.

21 6.5%

Documents

© 2006 SHRM SHRM Weekly Online Survey: January 03, 2006 Retiree Health Benefits Sample comprised of 321 randomly selected HR professionals. Analyzing 321