Business Services Industry
Products & Services; UnitedHealth offers early retiree option.(News)(product introduction of Ascentis Corp. )
Business Insurance, June, 2005
MINNEAPOLIS-UnitedHealth Group is offering a new health plan option for large employers' early retirees. The Pre-Funded Retirement Plan from Uniprise, a division of UnitedHealth Group, which administers the program, is designed to offer early retirees affordable access to medical coverage and reduce employers' overall health care costs.
The plan design is customizable, and employers can use a variety of account options, including a health reimbursement arrangement, cafeteria plan or credit system. By using the HRA or a similar account, any remaining funds in the pre-65 account can be applied toward post-65 coverage. At retirement, employees have access to medical coverage without medical review and can use the account funds to pay for the medical plan's...
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