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SLGE Releases Report on Using Individual Medicare Marketplaces for Public Sector Retiree Health Care
On March 2, 2020, the Center for State and Local Government Excellence (SLGE) released its report, Use of Individual Medicare Marketplaces for Public Sector Retiree Health Care: A Guide for Elected Officials. According to the report, many state and local governments face inadequate funding levels for retiree health care obligations. SLGE suggests that individual Medicare marketplaces may be an option for public employers and retirement systems to consider for containing health care costs and possibly offer a better value for retirees.
The report includes:
- An overview of individual Medicare marketplaces;
- A discussion about why state and local government plan sponsors are using them to deliver retiree health care;
- Considerations for elected and appointed officials about the marketplaces;
- Key implementation considerations (such as the transition and selection of a vendor, communicating with various stakeholders and measuring outcomes); and
- Challenges and opportunities for state and local governments in using an individual Medicare marketplace.
The report is available here.