Employee Benefits:

Extent of Companies' Retiree Health Coverage

HRD-90-92: Published: Mar 28, 1990. Publicly Released: Apr 19, 1990.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO provided information on the extent to which a random sample of 5,500 companies provided retirees with health benefits.

GAO found that: (1) although over half of the companies provided health coverage to active workers, only about 4 percent had retiree health plans; (2) those companies providing retiree health benefits tended to be larger businesses, and they employed 40 percent of private-sector workers; (3) over 5 million retirees participated in company-sponsored health plans, and 40 percent of those retirees were under 65 years of age; (4) less than 1 percent of the companies had terminated their health plans for retirees or active workers since 1984; (5) over a third of the companies required active workers or retirees to help pay for health benefits coverage; (6) there was little variation among companies' retiree health benefits by industry group; and (7) those companies that did not offer retiree health benefits cited a lack of retirees and little demand by employees as reasons for not having such plans.

Nov 21, 2016

Sep 14, 2016

Sep 8, 2016

May 5, 2016

Apr 13, 2016

Apr 4, 2016

Mar 1, 2016

Oct 29, 2015

Oct 27, 2015

  • retirement icon, source: PhotoDisc

    Social Security's Future:

    Answers to Key Questions
    GAO-16-75SP: Published: Oct 27, 2015. Publicly Released: Oct 27, 2015.

Looking for more? Browse all our products here