Is it possible for me to retain my health benefits post retirement? Or is it that my employer's gonna restrict these benefits once I retire?
Total Comments: 6
Posted: Tue Mar 30, 2010 05:01 am Post Subject:
Tell me something..are you a private sector employee? I don't see anything that would specifically restrict your employer from reducing or deducting your health benefits.
Posted: Wed Mar 31, 2010 05:32 am Post Subject:
Review your policy documents. It might help you get a better view of your health benefit terms. I believe, your employer has to provide you with a plan description summary within 90 days of your becoming a member.
Posted: Thu Apr 01, 2010 12:58 am Post Subject:
Here's the bad news. Your employer is not required to provide you with health insurance in retirement, absent a collective bargaining agreement. If your employer does offer coverage to you after age 65, it will be coordinated with Medicare. You can choose to make Medicare your primary or secondary coverage. If you make it secondary, the cost of the group insurance will roughly triple what it was the day before you turned age 65.
Posted: Thu Apr 01, 2010 06:01 am Post Subject:
You may sign an insurance contract with your employer or obtain a bargaining agreement. These are documents that show how your health plan works.
Posted: Fri Apr 02, 2010 06:39 am Post Subject:
These are documents that show how your health plan works.
Yes, it's truly important that we go through the policy documents very carefully. Some documents are inexplicable while some are quite easy to follow.
Languages reserving the company's right to alter the policy terms or benefits could be present anywhere within the document. We do have the right to understand all clauses clearly before we sign up.
Posted: Fri Apr 02, 2010 09:14 am Post Subject:
Some documents are inexplicable while some are quite easy to follow.
It's important to preserve records of meetings that you may have had with your employer. Preserve any letter, booklet or brochure that your employer may have sent regarding the benefit duration. There are courts wherein such evidences could be held 'important' to prove your point.
Posted: Tue Mar 30, 2010 05:01 am Post Subject:
Tell me something..are you a private sector employee? I don't see anything that would specifically restrict your employer from reducing or deducting your health benefits.
Posted: Wed Mar 31, 2010 05:32 am Post Subject:
Review your policy documents. It might help you get a better view of your health benefit terms. I believe, your employer has to provide you with a plan description summary within 90 days of your becoming a member.
Posted: Thu Apr 01, 2010 12:58 am Post Subject:
Here's the bad news. Your employer is not required to provide you with health insurance in retirement, absent a collective bargaining agreement. If your employer does offer coverage to you after age 65, it will be coordinated with Medicare. You can choose to make Medicare your primary or secondary coverage. If you make it secondary, the cost of the group insurance will roughly triple what it was the day before you turned age 65.
Posted: Thu Apr 01, 2010 06:01 am Post Subject:
You may sign an insurance contract with your employer or obtain a bargaining agreement. These are documents that show how your health plan works.
Posted: Fri Apr 02, 2010 06:39 am Post Subject:
These are documents that show how your health plan works.
Yes, it's truly important that we go through the policy documents very carefully. Some documents are inexplicable while some are quite easy to follow.
Languages reserving the company's right to alter the policy terms or benefits could be present anywhere within the document. We do have the right to understand all clauses clearly before we sign up.
Posted: Fri Apr 02, 2010 09:14 am Post Subject:
Some documents are inexplicable while some are quite easy to follow.
It's important to preserve records of meetings that you may have had with your employer. Preserve any letter, booklet or brochure that your employer may have sent regarding the benefit duration. There are courts wherein such evidences could be held 'important' to prove your point.
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