What to do about health care coverage?
Cobra only runs 18 months and Medicare doesn’t kick in till 65.
Med coverage is the sticky spot - that’s why I was going to go to 65. We can stay on the employer’s plan, but the price goes way up when you’re no longer on the payroll. It’s part of the retirement plan. Kind of lame, but I can do it. There is some supplemental retirement income, but it only covers about 1/4 of the insurance cost.
What to do about health care coverage?
Cobra only runs 18 months and Medicare doesn’t kick in till 65.
My husband has a health condition that caused him to go on disability at 62, he gets major confusion issues. Was a mainframe programmer ... it sad, he has very little logic now. I also am in tech, so drives me crazy when he can no longer connect the dots.
Any how, does it make sense that a person has to be on SSD 2 years before they get Medicad? So we could go broke if not for my insurance.
But DC has unlimited Benefits ?
What to do about health care coverage?
Cobra only runs 18 months and Medicare doesn’t kick in till 65.
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Well 3 additional things to note:
1. Depending on the Company, your plan may be convertible - but you likely will not be advised until close to the end of the cobra period. But someone in your HR department might know.
2. The guarantee of coverage law that was passed did nothing to address the amount of money — all my attempts to find out that cost were just met with it’ll be expensive. Not until close to cobra running out did I find out how much don’t recall the amount but maybe 36000 per year-ridiculous amount.
3. We got a Blue Cross Blue Shield high deductible-5000 bucks deduction and no RX coverage. Cost about 800 bucks per month for the 2 of us—likely more now.
It ain’t pretty. I know quite a few people who just kept working beyond when they could have retired, except for health care coverage - so they continued on working.