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Old 01-31-2008, 03:41 PM
 
Location: Papillion
2,585 posts, read 9,543,262 times
Reputation: 890

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You leave the company your benefits end.
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Old 01-31-2008, 03:54 PM
 
Location: Blue Ridge Mtns of NC
5,661 posts, read 24,673,566 times
Reputation: 3808
My former employer allows retirees the option to carry over their group health coverage into retirement. For 2008, my former employer pays 75% of the cost. In addition, once a year, employees and retirees may select a different health insurance plan from an approved list which includes both HMO's and Fee-for-Service carriers.
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Old 01-31-2008, 06:00 PM
 
942 posts, read 1,066,738 times
Reputation: 224
I retired from the Federal Gov't and Health Insurance is part of my retirement. My portion of the cost is deducted from my monthly annuity payment, and it really is not all that much considering what so many other people seem to pay for Health Insurance.
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Old 01-31-2008, 08:39 PM
 
Location: Prospect, KY
5,288 posts, read 17,957,332 times
Reputation: 6544
Yes...we will basically have the same coverage we do now. They also will pay our Medicare supplemental insurance premiums when the time comes.
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Old 01-31-2008, 08:53 PM
 
Location: Lovelock, NV - Anchorage, AK
1,195 posts, read 4,993,656 times
Reputation: 465
Yes we are covered for life I will be covered up to 65 and then they will become secondary but husband will be covered by his medical insurance until he dies as he is not vested into medicare. Medical insurance is covered 100% but we have to pay an additional 108. monthly for vision, audio and dental. Not bad at all
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Old 01-31-2008, 08:54 PM
 
Location: Journey's End
10,189 posts, read 24,910,412 times
Reputation: 3840
Fortunately I do have insurance. I think it is comparable to what I might have paid had I stayed on. I am most thankful for it--and pay it promptly.
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Old 02-01-2008, 06:18 AM
 
3,752 posts, read 9,603,435 times
Reputation: 7044
I went back to work for the government and the biggest reason was to earn health insurance i could carry into retirement and also to protect my husband. With the changes in his big corporate medical plans, it looks like the best work decision I ever made.
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Old 02-01-2008, 07:49 AM
 
Location: DC Area, for now
3,517 posts, read 12,050,963 times
Reputation: 2141
Yes, I will get to keep my health insurance after retirement. I will have to pay the same portion as I do now and at Medicare eligibility, I will have to pay that and my insurance becomes the secondary payer. It is part of the package that makes retirement doable.

The catch is that every year it goes up about 10% and covers less and less. So insurance and medical costs are the big unknown in the out years. Still, I count myself as very lucky. I do as much as I can to stay healthy.
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Old 02-05-2008, 08:39 PM
 
Location: Eureka CA
8,249 posts, read 11,113,390 times
Reputation: 12566
Default Ask your personnel department about COBRA

coverage which guarantees you 18 months of coverage, not necessarily cheap. I think the company has to be a certain size in order to be required to offer it.
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Old 02-05-2008, 09:56 PM
Status: "0-0-2 Game On!" (set 1 day ago)
 
Location: The beautiful Rogue Valley, Oregon
7,297 posts, read 15,347,934 times
Reputation: 9468
Quote:
Originally Posted by eureka1 View Post
coverage which guarantees you 18 months of coverage, not necessarily cheap. I think the company has to be a certain size in order to be required to offer it.
The COBRA coverage for the same plan we had would be $1350 a month for the two of us (and that's with a $1,500 yearly deductible per person). Pretty sure I can find a better rate on my own.

the best part of COBRA coverage is that you can't be turned down for pre-existing conditions, something which any insurance I find on my own can certainly do.
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