The 25th issue of the Lesson Plan featured an article on how school districts can save money by having the retirees subscribe to a different health insurance product. According to the Bureau of Labor Statistics (BLS), employees in the age categories 55 to 64 and age 65 and older, (otherwise known as “baby boomers”), are increasing.
It’s just a matter of time before more employees become retirees. And COVID certainly helped that to become a reality sooner than later. The costs to school districts to maintain those retiree benefits will only increase putting a strain on school district finances. It’s time to stop sitting on your hands. Check out this quick video – under 2 minutes – to learn more about a better and more robust insurance product for your retirees.