Walgreens cuts long-time health benefit for retired employees in ‘unusual’ move

Jun 9, 2019

  1. Northeast Agent
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    Northeast Agent Guru

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    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.
     
  2. fed up
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    fed up Guru

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    time to start shopping elsewhere.
     
    fed up, Jun 10, 2019
    #2
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