Webinars and Events | March 19, 2024

Implications of Coming Medicare Part D Changes for Retiree Health Plans

As a retiree health plan sponsor, you know that while offering retiree health benefits carries significant financial burdens, the importance of that coverage to your people cannot be overstated. Not only do those benefits reduce retirees’ healthcare costs and alleviate anxiety, they also foster loyalty in those who are still working.

Consequently, you carefully weigh the costs against the long-term benefits. Part of that calculation may include exploring innovative solutions and forward-thinking strategies.

In light of recent guidance from the Centers for Medicare & Medicaid Services, which provides more detail on how the provisions of the Inflation Reduction Act (IRA) will work, including information on how the new benefit changes will affect Employer Group Waiver Plans (EGWPs).

In this webinar...

You will learn more about:

How the coming changes made by the IRA will impact your plan operationally, strategically and financially
Reconsidering the Retiree Drug Subsidy versus an EGWP and taking advantage of federal subsidies
How the market landscape will change for Medicare Advantage plans
Why a new definition of creditable coverage could impact your plan for active participants
Next steps for preserving the value of your retiree health benefit package cost effectively

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Speakers

Kathryn Bakich, JD
Senior Vice President, Health Compliance Practice Leader

Ed Kaplan
Senior Vice President, Health Practice Leader

Mary Kirby, FSA, FCA, MAAA
Senior Vice President and Consulting Actuary

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This page is for informational purposes only and does not constitute legal, tax or investment advice. You are encouraged to discuss the issues raised here with your legal, tax and other advisors before determining how the issues apply to your specific situations.