Duke Energy Stops Insuring Retirees - WSPA.com

Duke Energy Stops Insuring Retirees

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Duke Energy says they will no longer insure retirees. Duke Energy says they will no longer insure retirees.

Duke Energy says they are joining a list of corporations scrapping long held practices of providing retirees with health insurance and giving former workers a fixed amount to buy their own supplement to Medicare coverage.

The News and Observer of Raleigh reports the electric company last week began notifying about 14,500 retirees of Duke Energy and predecessors or subsidiaries in North Carolina, South Carolina, Florida, Ohio, Indiana and Kentucky.

The changes apply to all Duke retirees except union members in Florida.

Duke Energy plans to release details later, but they say retirees won't get the company's stipend unless they buy coverage from UnitedHealthcare for policies that take effect in January.

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