This is the time of year when companies review their employee health care plans and when an increasing number of retirees find that their retiree health insurance will no longer be available from the company.
Xerox just announced that beginning January 1, 2013 it will no longer provide health benefits to people who qualify for Medicare. In 2010, the company stopped providing a subsidy, but news reports say that about 20% of the 15,000 Medicare-eligible retirees still get their coverage through the company. Earlier this month Goodyear Tire & Rubber Co. announced it would drop health care benefits for Medicare-eligible retirees at the end of 2012.
Here are three tips if you are looking to replace your retiree health insurance with a Medicare insurance plan.