Original Article: PLANSPONSOR.com
Kansas City, Kan.— It's no surprise that companies have struggled over the past few years to provide the level of benefit coverage they were offering their employees five years ago. One of the most expensive components of some organizations' benefits plan is the offering of health coverage to retirees. The Benefits USA 2011/2012 survey results found 21.9 percent of companies offer supplemental retiree health coverage to retired employees. That's just a slight dip from 22.9 percent reported in 2006. Employees are required to work an average of 12 years for their employer in order to qualify to receive this benefit upon retirement.