State Farm Cutting Costs

Posted:

State Farm Insurance Company is trying to cut costs by moving thousands of medicare-eligible retirees off the company's group medical plan.

About 15,000 retirees who were allowed to temporarily remain on the company's plan, now have to find coverage by June 1st, that's according to the Bloomington Pantagraph.

State Farm will also pay $200 per person per month toward the cost of supplemental coverage.

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