Time Warner to move U.S. retirees to healthcare exchanges

NEW YORK (Reuters) – Time Warner Inc is planning to transfer its U.S. retirees from company-sponsored health plans and move them to private insurance exchanges. According to an August memo obtained by Reuters, the media company will make allocations to a Health Reimbursement Arrangement account for retirees to use towards the purchase of coverage on an exchange. Previously, Time Warner provided an indirect subsidy through a supplementary Medicare program. The shift “will ultimately be beneficial for all retirees by providing more choice of coverage … …