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Retirees happy with MedicarePosted On Wed, August 4, 2010
The vast majority of retirees surveyed said that they preferred the health coverage they are receiving through Medicare over the plan they received through their employer.
The data released by Extend Health shows that out of more than 500 people, 14.5 percent said that they are "much more satisfied" with Medicare and another 18.7 percent said that they are "somewhat more satisfied" with Medicare.
Those who said that they were either "much more satisfied" or "somewhat more satisfied" cited lower costs, better benefits, and fewer billing and payment problems as the reason.
Extend Health CEO Bryce Williams says that employers should keep these facts in mind when considering health benefits for retirees.
"Retirees on Medicare have long been among the most satisfied of all Americans with their health insurance coverage, and after 45 years of Medicare, we now know that two-thirds of retirees like Medicare as much or more than the group plans provided by their former employers," he said.
There are different Medicare plans people can chose from. People should consider their own personal circumstances before they pick a plan.
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