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Business Standard
3 days ago
- Health
- Business Standard
Venus Williams' health insurance comments: What athletes need to know
Venus Williams' recent singles win at the DC Open showcased her longevity and brought attention to health coverage for aging athletes following a joking comment she made in an on-court interview. "I had to come back for the insurance," the five-time Wimbledon champion said after Tuesday's match, her first in 16 months. "They informed me this year that I'm on COBRA, so it's like, I got to get my benefits on." The 45-year-old Williams, who has won seven major singles titles in her career, became the second-oldest woman to win a tour-level singles match in professional tennis with Tuesday's victory. After losing on Thursday, she acknowledged that her comment on health insurance was a "fun and funny moment." The Consolidated Omnibus Budget Reconciliation Act, more commonly referred to as COBRA, allows Americans to stay on their employer's insurance plan for a limited amount of time after leaving their job. It comes with high costs. Williams' comment led to questions about health insurance in the sports world. For most active professional athletes, partially or fully subsidised health insurance is provided by their league or governing body and guaranteed in their collective bargaining agreement. A CBA is an agreement reached between a league and its players that guarantees certain levels of player compensation and benefits, and can be renegotiated every few years. So when athletes are playing, they're usually covered. But Williams, coming back to the sport after a 16-month hiatus, brought to light how long that insurance lasts or doesn't last for athletes when they're not playing. Women's Tennis In the WTA, the governing body of the women's tour, players are eligible to enroll in the health insurance plan if they are ranked in the top 500 in singles or top 175 in doubles and have played a minimum of three WTA 250 level or above tournaments that year. If players are in the top 150 in singles or top 50 in doubles, the WTA will pay a portion of the premiums. If a player is no longer eligible under those requirements, they can enrol in COBRA for up to 18 months, which is likely the situation that Williams was referencing. That is also the WTA's only option for retiring players. "Nobody wants to be on COBRA, right? Williams said after her second-round loss on Thursday night. That remains an issue in my life Obviously (the interview was) a fun and funny moment, but it's an issue that people are dealing with, so it is serious." Men's Tennis The ATP provides health insurance to men's tennis players who rank in the top 250 in singles or top 50 in doubles. All other players with a ranking point are given the opportunity to purchase health insurance through the ATP's provider. For retired players, the only option is COBRA for up to three years. Golf As an individual sport without a CBA, golf tours vary. They do have a group insurance plan that is available to active members of the PGA Tour, the PGA Tour Champions (the tour for golfers over 50) and the Korn Ferry Tour (the feeder circuit for the PGA). For players who meet certain "performance criteria," including how many tournaments they played and how often they won, the PGA will partially subsidise the plan. In retirement, players are responsible for their own insurance. Some players join the PGA Tour Champions after the PGA Tour and play into their mid-60s, during which they maintain coverage. Top players can receive a subsidy from the PGA in retirement. The LPGA Tour, the women's professional golf tour, started offering its players fully funded health insurance for the first time this year. Before this year, players were given a $4,000 stipend. NBA NBA players have access to one of the most inclusive insurance plans in retirement. If they played at least three years in the league, retired NBA players are eligible for fully-funded health insurance in retirement, and if they played at least 10 years, they will have healthcare covered for their entire family. WNBA WNBA players are fighting for retirement healthcare as part of their new CBA, which they are currently negotiating with the league. Those negotiations have been heated, and the most recent meeting between the two sides last weekend did not result in an agreement. One unique facet of the W's healthcare is that athletes who have spent more than eight years in the league can be reimbursed up to USD 20,000 a year for costs related to adoption, surrogacy, egg freezing or additional fertility treatments. NFL The NFL has less long-term coverage for retirees than most other team sport leagues athletes who played in the league for at least three years can remain on the NFL health insurance plan, but only for five years into retirement. NHL NHL players who have played more than 160 games with the league, which is about two seasons, are eligible to buy NHL health insurance for their retirement. The retirement insurance plan is eligible for partial subsidization from the league. MLB Baseball players who spent at least four years in the league have the option to pay premiums to stay on the MLB's healthcare plan indefinitely. Minor League Baseball has its own separate CBA, which also guarantees health insurance for active players. In the minors, however, players who get cut or leave the league lose coverage at the end of that month. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard
4 days ago
- Health
- Business Standard
After Venus Williams' remark, a look at athletes' health insurance
Venus Williams' recent singles win at the DC Open showcased her longevity and brought attention to health coverage for aging athletes following a joking comment she made in an on-court interview. "I had to come back for the insurance," the five-time Wimbledon champion said after Tuesday's match, her first in 16 months. "They informed me this year that I'm on COBRA, so it's like, I got to get my benefits on." The 45-year-old Williams, who has won seven major singles titles in her career, became the second-oldest woman to win a tour-level singles match in professional tennis with Tuesday's victory. After losing on Thursday, she acknowledged that her comment on health insurance was a "fun and funny moment." The Consolidated Omnibus Budget Reconciliation Act, more commonly referred to as COBRA, allows Americans to stay on their employer's insurance plan for a limited amount of time after leaving their job. It comes with high costs. Williams' comment led to questions about health insurance in the sports world. For most active professional athletes, partially or fully subsidised health insurance is provided by their league or governing body and guaranteed in their collective bargaining agreement. A CBA is an agreement reached between a league and its players that guarantees certain levels of player compensation and benefits, and can be renegotiated every few years. So when athletes are playing, they're usually covered. But Williams, coming back to the sport after a 16-month hiatus, brought to light how long that insurance lasts or doesn't last for athletes when they're not playing. Women's Tennis In the WTA, the governing body of the women's tour, players are eligible to enroll in the health insurance plan if they are ranked in the top 500 in singles or top 175 in doubles and have played a minimum of three WTA 250 level or above tournaments that year. If players are in the top 150 in singles or top 50 in doubles, the WTA will pay a portion of the premiums. If a player is no longer eligible under those requirements, they can enrol in COBRA for up to 18 months, which is likely the situation that Williams was referencing. That is also the WTA's only option for retiring players. "Nobody wants to be on COBRA, right? Williams said after her second-round loss on Thursday night. That remains an issue in my life Obviously (the interview was) a fun and funny moment, but it's an issue that people are dealing with, so it is serious." Men's Tennis The ATP provides health insurance to men's tennis players who rank in the top 250 in singles or top 50 in doubles. All other players with a ranking point are given the opportunity to purchase health insurance through the ATP's provider. For retired players, the only option is COBRA for up to three years. Golf As an individual sport without a CBA, golf tours vary. They do have a group insurance plan that is available to active members of the PGA Tour, the PGA Tour Champions (the tour for golfers over 50) and the Korn Ferry Tour (the feeder circuit for the PGA). For players who meet certain "performance criteria," including how many tournaments they played and how often they won, the PGA will partially subsidise the plan. In retirement, players are responsible for their own insurance. Some players join the PGA Tour Champions after the PGA Tour and play into their mid-60s, during which they maintain coverage. Top players can receive a subsidy from the PGA in retirement. The LPGA Tour, the women's professional golf tour, started offering its players fully funded health insurance for the first time this year. Before this year, players were given a $4,000 stipend. NBA NBA players have access to one of the most inclusive insurance plans in retirement. If they played at least three years in the league, retired NBA players are eligible for fully-funded health insurance in retirement, and if they played at least 10 years, they will have healthcare covered for their entire family. WNBA WNBA players are fighting for retirement healthcare as part of their new CBA, which they are currently negotiating with the league. Those negotiations have been heated, and the most recent meeting between the two sides last weekend did not result in an agreement. One unique facet of the W's healthcare is that athletes who have spent more than eight years in the league can be reimbursed up to USD 20,000 a year for costs related to adoption, surrogacy, egg freezing or additional fertility treatments. NFL The NFL has less long-term coverage for retirees than most other team sport leagues athletes who played in the league for at least three years can remain on the NFL health insurance plan, but only for five years into retirement. NHL NHL players who have played more than 160 games with the league, which is about two seasons, are eligible to buy NHL health insurance for their retirement. The retirement insurance plan is eligible for partial subsidization from the league. MLB Baseball players who spent at least four years in the league have the option to pay premiums to stay on the MLB's healthcare plan indefinitely. Minor League Baseball has its own separate CBA, which also guarantees health insurance for active players. In the minors, however, players who get cut or leave the league lose coverage at the end of that month.
NBC Sports
5 days ago
- Sport
- NBC Sports
Korn Ferry employee receives sponsor exemption, shoots 91 in Korn Ferry Tour debut
A Korn Ferry employee made his Korn Ferry Tour debut on Thursday. Dan Massello, a 42-year-old from Chicago, carded par on his first hole of the NV5 Invitational at The Glen Club in Glenview, Illinois, but he'd record just two more pars the rest of the way, shooting 20-over 91. The tally included 10 bogeys and five double bogeys, though Massello avoided anything of triple or worse. Massello was worst in the morning wave by 17 shots and 29 shots behind leader Davis Chatfield. He was playing alongside fellow sponsor exemptions John Augenstein, a former All-American at Vanderbilt and the 2019 U.S. Amateur runner-up, and Charlie Nikitas, a Miami of Ohio product who has made eight starts on PGA Tour Americas this year. Augenstein and Nikitas shot 70 and 69, respectively. According to his Linkedin, Massello's current role with Korn Ferry is principal, finance and accounting, professional search. Prior to joining the consulting world in 2017, Massello was a PGA golf professional, including most recently the assistant pro at Evanston Golf Club in Skokie, Illinois, his bio stated. He also worked for nearly five years as a golf instructor for Northwestern's Wildcat Golf Academy. He played numerous Illinois Section PGA events from 2007 to 2016. His record shows mostly scores in the high 70s and a low score of 70 at the 2013 Ravinia Green CC Classic, a one-day tournament where Massello tied for first. Korn Ferry's official Instagram account wished Massello good luck on Wednesday: 'Good luck to Korn Ferry colleague Dan Massello as he tees off as our exemption pick on the @kornferrytour this week in Chicago! Just like in business, golf rewards those who seize opportunity, stay focused, and play beyond expectations. 'Go show them what 'Be More Than' looks like!' He tees off in Round 2 at 3:12 p.m. ET.
Washington Post
5 days ago
- Business
- Washington Post
SafeSport Center opens search for new CEO
The U.S. Center for SafeSport posted the opening for a new chief executive officer on Thursday, hoping to find a leader to steer the agency into a new era after several troubled years as a start-up. The center, a non-profit that opened in 2017 and is charged with handling sex-abuse cases in Olympic sports, hired consulting firm Korn Ferry to lead the search and work with a search committee made of center board members and advisors.
San Francisco Chronicle
5 days ago
- Sport
- San Francisco Chronicle
SafeSport Center opens search for new CEO
The U.S. Center for SafeSport posted the opening for a new chief executive officer on Thursday, hoping to find a leader to steer the agency into a new era after several troubled years as a start-up. The center, a non-profit that opened in 2017 and is charged with handling sex-abuse cases in Olympic sports, hired consulting firm Korn Ferry to lead the search and work with a search committee made of center board members and advisors. 'This is more than a job search. It is a reflection of our values and the people we are accountable to — our staff, athletes, and the broader sport community," said Board Vice Chair and search committee lead Chicka Elloy. April Holmes stepped away from her duties as board chair to serve as interim CEO in place of Ju'Riese Colon while the search takes place. The center parted ways with Colon in April, not long after Sen. Chuck Grassley, R-Iowa, began querying the center when details emerged about its hiring of an investigator who would later be charged with rape in a case that dated to his time before he joined the center and was working as an officer for the Allentown, Pennsylvania, police department. The center, which also opened a search for a new chief financial officer, said Korn Ferry 'is currently conducting organizational assessments and confidential outreach to identify candidates who exemplify both executive acumen and a people-first philosophy.' The job description said the center was looking for someone with a 'deep understanding of the sports ecosystem and/or experience working in fields related to abuse prevention, compliance, or athlete advocacy.' ___
