The story has finally hit home for retirees of the Newark Star-Ledger.
In late September, the benefits administrator for Advance Publications, which owns the paper, sent a letter to retirees notifying them that they would no longer be covered by a company-sponsored group retiree plan. In its place, Advance informed them it was “pleased to offer a new solution” – a smorgasbord of health insurance options available through something called the Mercer Marketplace 365, an insurance exchange – and they would be given a subsidy to help pay premiums and out-of-pocket expenses.
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