Entering text into the input field will update the search result below

IBM to move 110,000 retirees onto health-insurance exchange

  • IBM intends to move 110,000 Medicare-eligible retirees off its company-sponsored health plan at the end of the year and instead give them the money to purchase coverage from Extend Health, a health-insurance exchange operated by Towers Watson (TW).
  • IBM said it is making the move as the rising cost of care makes its plan unsustainable without large premium hikes, although the action won't actually reduce the company's expenses.
  • IBM is joining other major companies in moving retirees to health exchanges, with Extend Health saying it has deals with 300 firms.

Recommended For You

About IBM Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
IBM--
International Business Machines Corporation