A Retiree Health Insurance Plan is health care coverage an employer may provide to its former employees after retirement. In most cases, retiree policies act as a secondary payer to Medicare, meaning the retiree policy will cover some – if not all – of the remaining medical expenses after the primary insurer (Medicare) has paid for the approved service.
Check with your employer’s benefits team to learn more about the coverage offered through their retiree health coverage program, and also contact an advisor to compare coverage types and discover which option would be the most cost-effective and beneficial for you.