Firms Partner to Help Public Employees Save for Health Care in Retirement
BPAS and MOR Strategy Partners have partnered to deliver the Re$erveMOR benefits solution.
BPAS and MOR Strategy Partners have partnered to deliver the Re$erveMOR benefits solution to public-sector employers and employees.
It addresses the need for employees to optimize their pay through the use of multiple tax-advantaged employee benefits. It’s a convergence of health care, retirement and wellness benefits designed to help public-sector employers and employees build health reserve dollars for retirement.
“The loss/sunset of retiree health coverage for employees in the public sector over the past decade has resulted in a significant economic challenge as they move from active employment,” says Nancy Melcher, chief engagement officer at MOR Strategy Partners. “The ordinary individual who retires with [a] pension, Social Security income and some savings will be significantly under-resourced to deal with health care costs under the current industry benefit structure. We are fixing that with Re$erveMOR.”
The program is currently being offered to select public-sector employers in Wisconsin. It is expected to expand nationally. For more information, contact Nancy Melcher at NancyM@MORStrategy.com.
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