- 2,055
Walgreens cuts long-time health benefit for retired employees in 'unusual' move
- Walgreens said in a September letter reviewed by CNBC that it would no longer subsidize medical benefits for its former employees who hadn’t turned 64 by March 31, citing “rising and unpredictable healthcare costs.”
- Some 550 retirees receive the subsidies from Walgreens before they turn 65 and are eligible for Medicare.
- Benefits experts said it was unusual to take away subsidies from retirees already receiving them.
