Detroit may Pay Retirees to Buy Coverage through Exchanges

Detroit’s emergency manager is considering replacing health insurance for retirees under 65 with a $125 stipend to buy coverage from exchanges set up under Obamacare.

The city has about 20,000 retirees, with half under 65.

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Time Warner joins IBM in Moving Retirees to Private Health Insurance Exchanges to Cut Costs

Media and entertainment company Time Warner Inc. plans to move its retired workers off its health plan and provide money to them to purchase coverage on private exchanges at the beginning of next year.

The move, which was earlier reported by Reuters, is similar to a change confirmed by IBM on Saturday.

Both companies plan to allocate money to special accounts for retirees, which they can use in purchasing coverage.

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