The WSJ report likened the shift to moving from a pension to a 401(k) retirement plan; the move is expected to be closely watched by other major employers.
The online exchange the two companies plan to use is operated by Aon Hewitt; it will feature group plan options, rather than individual plans, which will be available on the Patient Protection and Affordable Care Act-mandated state insurance exchanges beginning in 2014.
The sum each company is providing to employees to obtain coverage was not disclosed.
More Articles on Health Insurance:
Healthcare Spending Among Insured Climbed 4.6% in 2011
Number of Uninsured Americans Drops by 1.4M
