Why not provide coverage only until retirees are eligible for Medicare at age 65?
According to a Government Accountability Office report published in 2001, 10.7 million Medicare beneficiaries — more than one-fourth of all beneficiaries — rely on Medicare supplemental insurance, known as Medigap coverage, to pay for some out-of-pocket expenses and services that Medicare does not fully cover. Federal law requires the standardization of benefits in Medigap plans; however, premium costs can vary widely on the open market.
