Why did the HR Policy Association develop the RHA Program?
Rising health care costs and unsustainable FAS 106 obligations are driving significant change in the employer sponsored retiree health care market. Many employers that have historically offered subsidized retiree benefits are capping or eliminating subsidies. Employers that have not offered a benefit want to do so without creating new liabilities. Employers are also seeking to reduce or avoid the administrative burden associated with retiree health benefits. To meet these needs, RHA was developed offering employers and their retirees access to a fully insured, guaranteed issue solution that includes an array of comprehensive pre- and post-65 coverage options that do not require an employer subsidy.
