Time Warner to move US retirees to healthcare exchanges

NEW YORK,  Sept 9: – Time Warner Inc is planning to transfer its US 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. (agencies)