Texans are accustomed to cheering for the Mavericks, Rockets or Spurs on the court. Soon, UnitedHealthcare will care for our favorite NBA stars off the court.
The National Basketball Players Association (NBPA) recently announced that its player representatives have voted unanimously to fund health insurance for all retired NBA players with at least three years of service in the league. This program is the first of its kind among North American professional sports. It also exemplifies the NBPA’s focus on the health and welfare of its current, retired and future members.
The current proposal includes:
- Retired players with between three and six years of NBA service time but who are not yet eligible for Medicare would be offered a plan that includes medical, hospital and prescription drug coverage with modest out-of-pocket costs for deductibles and co-pays;
- Those with between seven and nine years of service would be offered the same coverage with even lower out-of-pocket costs;
- Retired players with at least 10 years of service would be offered the same coverage as the seven-to-nine year players, and would include coverage for their entire family;
- Retired players with three-nine years of service who are eligible for Medicare would be offered a $0 deductible and $0 co-pay plan along with a low-cost prescription drug plan; those with 10+ years of service to receive this coverage for themselves and their spouse.
- The open enrollment period for retired players would begin this fall, with coverage beginning on January 1, 2017.