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Group Retiree Health Insurance

When Employees Stop Working,
Their Benefits Don't Have To

Flexible Retiree Health Coverage

As Baby Boomers retire in record numbers, the rise in new retiree health insurance claims can be risky, especially for self-funding groups. The Hartford can help. We offer flexible group retiree health insurance solutions that shift the risk away from employers. While catering to the special needs of retirees with flexible solutions.

Why Retiree Health Coverage?

In today's economy, medical inflation isn't over yet, and it's putting pressure on retirees as well as retiree medical plans. Just when administrative resources may be shrinking, retirement populations continue to expand. There are a lot of solutions out there. Of these, an employer-sponsored Group Retiree Insurance Plan offered through The Hartford can be an excellent choice for a lot of reasons.

Be Good to Your Retirees and Your Budget

By electing a Group Retiree Insurance Plan, you can accomplish three important goals:

  1. Take retirees out of the active medical plan, improving the active plan experience.
  2. Fulfill your obligation to retirees.
  3. Integrate with Medicare, taking advantage of Medicare's cost-containment measures.

Integrates with Medicare

The Hartford's fully insured Group Retiree Health Insurance Plan helps pay the Medicare-eligible deductibles, co-payments and out-of-pocket medical expenses not covered by Medicare. Plus, it helps take the burden off of companies while potentially lowering costs. Here are a few of the advantages:

  • Multiple group sizes are eligible, from as few as two to as many as thousands. Customized plans are available for groups of 100 or more.
  • Retirees, their spouses, widow(er)s and domestic partners age 65+ and entitled to Medicare, are all eligible, and coverage is guaranteed issue, subject to the Pre-existing Condition Limitation.
  • By segmenting age 65+ retirees into our plan, and with both voluntary and non-contributory plans available, employers can better control overall costs.
  • Employers can choose from a variety of prescription drug options for a better fit with their retirees' needs.
  • There are no medical networks to worry about. Retirees have access to any provider or hospital countrywide – at home or away.

Helping to Make it Easier

Why shoulder the administrative burden when you can offload it on The Hartford's approved third-party administrators? Our services help assure you of:

  • A choice of billing options with the ability to manage all types of vesting schedules.
  • Various enrollment options to meet your needs.
  • Electronic claims processing and payment.
  • A toll-free customer service number for retirees, employers and providers.
  • Online capabilities for inquiries about benefits and claims.
  • Customer service representatives trained in senior care relations.
  • HIPAA compliance.

Flexible alternatives for outpatient Rx

Medicare participants now have access to prescription drug coverage through Medicare Part D. This gives you more options to save on costs through Medicare programs. The Hartford offers a flexible alternative to include prescription drug coverage using Medicare Part D programs:

  • Medicare Prescription Drug Plan (PDP) solutions using CMS-approved products.
  • Offers one plan to cover all of their retirees located in the United States.
  • Retirees have access to pharmacies across the country, and coverage under a broad formulary.
  • The Hartford can provide combined administration for our medical and PDP plans – a simplified approach.

The Hartford® is The Hartford Financial Services Group, Inc. and its subsidiaries including issuing companies Hartford Life Insurance Company and Hartford Life and Accident Insurance Company. Home office is Hartford, CT.

Find a Sales Rep

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Required New York State Notification

View the PDF regarding the NAIC rate increase.

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