Medicare for Employers: Address the Social Security Gap and Reduce Healthcare Costs

Until 2008, when an employee considered retirement at age 65, they had Medicare coverage and full retirement income from Social Security to ease this transition. That is no longer true. And this presents both a threat and an opportunity for employers.

The chart below shows how the Social Security Administration has increased the full retirement age since 2008. This creates a growing gap between eligibility for Medicare and when they attain full retirement income. In 2025, that gap is now 2 years with the possibility of going higher.

The threat for employers is that the fastest growing and most expensive healthcare employee segment (those 65+) now have a financial incentive to stay on the job. But there is a way to retain these valuable employees, but not their healthcare costs. A solution for this Social Security Gap that provides the employee with better healthcare coverage and provides the employer with a reduction in their total healthcare budget. We call that - Medicare for Employers. To learn more, visit us at www.healthperspectives.net or at 704-408-1438.