© 2004 SHRM

SHRM Weekly Online Survey: May 18, 2004

Retiree Prescription Drug Benefits

• Sample comprised of 242 randomly selected HR professionals.

• Analyzing 242 responses of 1555 emails sent, 1531 emails received (response rate = 16%).

• Survey fielded May 18 – May 24, 2004; presentation generated on May 25, 2004.

• Margin of error is +/- 6.0%

© 2004 SHRM

SHRM Weekly Online Survey: May 18, 2004

1. The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 provided changes for the provision of employer provided prescription drug benefits for Medicare-eligible retirees. Will your organization eliminate prescription drug coverage for Medicare-eligible retirees based on the new Medicare bill?

2%

41%

57%

0%

10%

20%

30%

40%

50%

60%

Yes No Not sure

Note: 44% of respondents indicated that their organization does not offer prescription drug benefits for retirees.

Note: Percentages are based on respondents who currently offer prescription drug coverage for retirees (n = 135)

© 2004 SHRM

SHRM Weekly Online Survey: May 18, 2004

1. The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 provided changes for the provision of employer provided prescription drug benefits for Medicare-eligible retirees. Will your organization eliminate prescription drug coverage for Medicare-eligible retirees based on the new Medicare bill?

Choice Count Percentage Answered

Yes 2 1.5%

No 56 41%

Not sure 77 57%

Note: 44% of respondents indicated that their organization does not offer prescription drug benefits for retirees.

Note: Percentages are based on respondents who currently offer prescription drug coverage for retirees (n = 135)