Omaha, Nebraska 2020-11-19 19:47:57 –
Omaha, Nebraska (KMTV) — From January, Boys Town will no longer provide health insurance to retirees. They cited the impact of COVID-19 as the reason.
This move affects about 130 people and their dependents.
“Retirees around the age of 65 and their dependents who are currently enrolled in medical or dental benefits for retirees will no longer be covered by medical insurance under the Boystown Group’s retirement insurance policy,” the change was announced. The letter to retirees states.
3 News Now spoke to some retirees who wanted to remain anonymous, saying that this was a promise that Boystown had broken. They are worried that their costs will go through the roof.
A Boystown spokesperson said he would meet one-on-one with the affected people and help them find new insurance plans for them. They said the people they already helped are seeing an average savings of $ 4,000 a year.
Health insurance was provided by Blue Cross Blue Shield.
“Without COVID, many companies will reduce coverage and increase deductible payments,” said Arnie Goss, a professor of economics at Clayton. “Healthcare costs are just much higher … so some employers use COVID-19 as an excuse to reduce their payments for medical benefits, but COVID-19 does. It puts financial pressure on companies to look for savings.
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Citing COVID-19 impact, Boys Town ends retirees’ company-sponsored healthcare benefit Source link Citing COVID-19 impact, Boys Town ends retirees’ company-sponsored healthcare benefit