Faculty members and administrators should not assume that their colleges will pick up their medical bills during their retirement. Medicare benefits are not guaranteed that they will remain the same. Experts believe that the Medicare trust fund that pays for retiree hospital care will go bankrupt by 2019. As such, insurance experts are now urging…

When it came to benefits for employees, higher education used to be at the head of the class. Back in the 1950s, academe was one of the first fields to embrace health-insurance coverage for illnesses that do not require hospitalization, and it later led the way toward long-term disability insurance. Universities and colleges approved…