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Re: cobra

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Posted by Fred on January 16, 2010 at 22:52:03:

In Reply to: cobra posted by d. hesh on January 16, 2010 at 08:28:15:

: I am retiring at age 62 and going on social security. Can I go on Cobra, after I retire?

That depends largely on your employer. Since medicare kicks in at age 65, you'll need to bridge that gap. Does your employer have over 20 employees? If not, they may not have to offer you COBRA. Because of the expense, most roads lead to delaying retirement until you can secure other health insurance coverage. Most companies don't pay the health insurance premiums for their for retirees.

Individual health insurance policies for people in 60+ can be incredibly expensive. If you have health issues or expensive meds, you may be unable to find a policy at any price on your own.

Is your spouse is still working at a job that provides health coverage? When is your spouse's plan's open enrollment? You may want to wait until then.

Under COBRA, you can continue your employer's group coverage for up to 18 months. If you retired at age 63, you could use COBRA to bridge the gap until you're eligible for Medicare at 65.

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Fred

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Subject: Re: Re: cobra

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: : I am retiring at age 62 and going on social security. Can I go on Cobra, after I retire? : D: : That depends largely on your employer. Since medicare kicks in at age 65, you'll need to bridge that gap. Does your employer have over 20 employees? If not, they may not have to offer you COBRA. Because of the expense, most roads lead to delaying retirement until you can secure other health insurance coverage. Most companies don't pay the health insurance premiums for their for retirees. : Individual health insurance policies for people in 60+ can be incredibly expensive. If you have health issues or expensive meds, you may be unable to find a policy at any price on your own. : Is your spouse is still working at a job that provides health coverage? When is your spouse's plan's open enrollment? You may want to wait until then. : Under COBRA, you can continue your employer's group coverage for up to 18 months. If you retired at age 63, you could use COBRA to bridge the gap until you're eligible for Medicare at 65. : <a href="http://www.dpbolvw.net/click-3771903-10424396" target="_top">eHealthInsurance</a> - FREE Instant Quotes!<img src="http://www.lduhtrp.net/image-3771903-10424396" width="1" height="1" border="0"/> : Fred

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