You’ve been covered by private health insurance through your employer for years. It’s taken care of all of your medical expenses. Sure, the premiums and the deductibles have gone up, but given the state of health care in the United States you feel lucky. With retirement on the horizon, you’ll be enrolling in Medicare, which,… Continue reading Retiree Health Insurance: I Have That, Don’t I?
Yes, with proper health care planning. Although health savings accounts are offered with high deductible health care plans and are often thought of as a current benefit, individuals may want to consider using their HSA balances as a future health care benefit. What are the short and long term benefits of HSAs? For 2016, individuals… Continue reading Can an HSA be a retiree health plan?
The Early Retirement Reinsurance Program (ERRP) has encouraged corporations to keep post retirement health benefits intact by subsidizing part of the costs in an effort to reduce premiums or increase claim reimbursements for early retirees ages 55-64. The program was funded with $5 billion in 2010, and corporations, both profit and non-profit, were entitled to… Continue reading Early Retirement Health Care: Do Your ERRP Homework
A substantial number of publications have addressed the fact that many individuals are unable to retire early as a result of the serious economic and investment environment. Many large employers, however, continue to put forward early retirement programs that often challenge those that haven’t clearly planned their retirement. While there is much discussion surrounding retirement… Continue reading Early Retirement? Need Healthcare?
The thought of midterm exams is unsettling to students. Late nights, review sheets, study groups. The results of these tests are a significant component of a final grade. Health care midterms are much the same; individuals will need to vote in their state’s “midterm” to determine the future of health care reform in their states.… Continue reading Can Health Care Pass Midterm Exams?
The cost of employee benefits in general has increased over time, with health care leading the way. With an aging employee population, defined benefit retirement plans went the way of the Sony “Walkman”, to be replaced by the 401k Ipod. Other expensive employer sponsored programs have followed suit: among them post retirement health care. As… Continue reading Post Retirement Health Insurance at 55: No Questions Asked!