Medicare-type health insurance being proposed

| 03/10/2014

Cayman News Service(CNS Business): Employers are compelled under the law to provide workers with health insurance through one of the Cayman Islands’ approved insurance providers, but after retirement many employees are finding that they are without coverage. However, the Health Insurance Commission (HIC) is currently working on a proposal for government for a retirement health insurance plan similar to Medicare in the US that people would pay into while they worked and would cover them in their golden years. Some companies do provide for their past employees who have retired by allowing them to remain in their group insurance package, according to Superintendent of Health Insurance Mervyn Conolly. Unfortunately, he said, that is not the norm. Read more and comment on CNS Business

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