The move to fund retired players insurance is a first for professional sports, according to the NBA Players Association. Now the union will fund insurance for retired players with at least three years of league time who are not yet enrolled in Medicare. The plan will coverage medical, hospital and prescription drugs with modest deductibles and co-pays. The out-of-pocket costs are lower based on the players’ tenure, and those with at least a decade in the league will receive coverage for their entire family.
“The game has never before been more popular, and all the players in our league today recognize that we’re only in this position because of the hard work and dedication of the men who came before us,” Chris Paul, NBPA president and nine-time NBZ All-Star, said in a statement. “It’s important that we take care of our entire extended NBA family, and I’m proud of my fellow players for taking this unprecedented step to ensure the health and well-being of our predecessors.”
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