Employee Benefits:

Trends in Retiree Health Coverage

T-HRD-90-51: Published: Jul 27, 1990. Publicly Released: Jul 27, 1990.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

GAO discussed company-sponsored retiree health coverage. GAO found that: (1) only about 4 percent of all companies provide retiree health coverage; (2) companies with retiree health benefits were generally larger, employing 40 percent of private-sector workers; (3) about 9 million retirees are currently in company-sponsored plans, and about 39 percent of those are under age 65; (4) 64 million of 96 million private-sector workers do not have retiree health coverage; (5) since 1984, fewer than 1 percent of companies have terminated retiree health benefits, but companies are taking measures short of termination to limit retiree health costs; (6) companies have changed health plan provisions to shift costs to retirees or reduce benefits, and appear to be doing so at an increasing rate; (7) retirees currently receiving health benefits and active workers who may expect to receive them when they retire have limited protection from termination under current law; (8) retiree health coverage has become a major concern for companies because retiree health costs have risen and are expected to continue increase dramatically in the future; and (9) companies' annual costs will increase from over $9 billion in 1990 to about $25 billion by 2010. GAO believes that Congress may need to act to preserve company-sponsored retiree health benefits.

Sep 14, 2016

Sep 8, 2016

May 5, 2016

Apr 13, 2016

Apr 4, 2016

Mar 1, 2016

Oct 29, 2015

Oct 27, 2015

  • retirement icon, source: PhotoDisc

    Social Security's Future:

    Answers to Key Questions
    GAO-16-75SP: Published: Oct 27, 2015. Publicly Released: Oct 27, 2015.

Sep 30, 2015

Looking for more? Browse all our products here