Coca-Cola Seeks Ok For Retiree Captive Plan

Excerpt from Business Insurance, January 19, 2009

If Coca-Cola Co. wins regulatory approval to fund retiree health care benefits through a special trust and its captive insurance company, it could blaze a trail for other employers looking to do the same.

Under it plan, the company would use assets now held in a voluntary employees beneficiary association to purchase medical stop loss policies from Prudential Insurance Company of America to pay claims. The medical stop loss would pay claims that fall between an attachment point and an upper limit.

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