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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.
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.
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
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.
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.
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.
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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Ask your personnel department about COBRA
