Program Aims To Provide Affordable Health Insurance To Early Retirees

The HR Policy Association, which represents 250 of the largest employers in the U.S., on Saturday announced the Retiree Health Access program, which is intended to provide affordable health coverage for former employees age 55 to 64, the New York Times reports. According to the Times, "layoffs, employee buyouts and sending jobs offshore" have contributed to a pool of approximately 800,000 early retirees who no longer are eligible for employer-sponsored health insurance, too young to apply for Medicare and unable to afford private insurance.

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