“• 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.
“The game has never before been more popular, and all the players in our league today recognize that we’re only in this position because of the hard work and dedication of the men who came before us,” said Chris Paul, NBPA President and nine-time All-Star. “It’s important that we take care of our entire extended NBA family, and I’m proud of my fellow players for taking this unprecedented step to ensure the health and well-being of our predecessors.”
The average NBA player’s career in the league lasts just over four years, emphasizing the need for long-term planning for all aspects of life, including health. Since becoming Executive Director of the NBPA nearly two years ago, Michele Roberts and her new executive team have instituted a cardiac screening program for retired players and other initiatives designed to prepare current players for life after basketball and provide opportunities for retired players.(NBA.com)”
The NBA and the NBPA continue to show why the NBA is the best League in all of sports. Unfortunately, guys like Antoine Walker could use some health insurance due to the fact that he blew all his money. In addition to that, the cost of medical coverage when you do not have insurance can be outrageous, even for rich people. I am proud of the NBPA for making this decision.