by judi32 » Mon Oct 29, 2012 12:37 am
I am a teacher in Tennessee on Cigna group insurance. If I quit my job 6 months before I am eligible for retirement can I continue on the health insurance. At retirement we can stay on the insurance but we have to pay our and the schools part of the premium. I will begin to receive my retirement pay in 6 months but will I also be able to continue the insurance. I have many health problems and probably could not get insurance other wise
Posted: Tue Oct 30, 2012 12:21 pm Post Subject:
You will be entitled to continue your group health insurance for up to 18 months under the provisions of COBRA. You will have to pay the full cost of the insurance -- including what your employer's share of that is. If you are certain that you can continue the health insurance after retirement, fine.
Could you not take a six-months disability leave before you decide to retire?
Posted: Thu Nov 22, 2012 01:22 pm Post Subject:
Yes, you can continue your group health insurance policy for near about 18 months, under the Consolidated Omnibus Budget Reconciliation Act.
Posted: Thu Nov 22, 2012 04:50 pm Post Subject: health ins
There is nothing to worry about, as Max has already said "You will be entitled to continue your group health insurance for up to 18 months under the provisions of COBRA."
Whether you retire prematurely or as per the rule you can continue with the COBRA plan.
Posted: Fri Nov 23, 2012 05:44 pm Post Subject:
you can continue with the COBRA plan.
This is a misnomer. There is no such thing as a "COBRA Plan". The insurance that a person has when electing continuation under COBRA is the EXACT SAME PLAN they had as an employee.
COBRA is an acronym for a piece of budget legislation in 1985. It is not the name of an insurance company or insurance policy.
Posted: Fri Feb 01, 2013 11:10 am Post Subject:
Health insurance [Link removed - Admin] plan is essential for us in all the stages of our life and especially after retirement, we should have a good health plan. The above given suggestions are really helpful for solving your problem. Thanks for sharing your thoughts with all of us.
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