The U.S. Supreme Court has declined to review an appellate court decision that formed the basis for an Equal Employment Opportunity Commission rule allowing employers to reduce health care benefits when retirees become eligible for Medicare.
The decision last week was greeted positively by representatives of employers. Benefits lawyer said the conclusion of the benefits controversy that began in 2000 will likely mean health insurers will seek to sell new products to their customers.
The decision upholds a June 2007 decision by a panel of the 3rd U.S. Circuit Court of Appeals in Philadelphia--as well as a final rule issued by the agency last December providing guidance on the issue.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
