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<blockquote data-quote="falcon back" data-source="post: 5005812" data-attributes="member: 81520"><p>You can use the Reimbursement account for Retiree Insurance or Open Market insurance. You can't use it for Cobra or if you get on a spouse or another employers plan IF the premiums are taken out pre-tax, which most are. Depending on how old you are, I highly suggest looking into getting on Cobra when you retiree. The premiums are MUCH cheaper than Retiree Insurance. While you do have to pay the entire amount out of pocket, it will make your Reimbursement account last longer when you go that route. Based on getting 25k, sounds like you are about 61. Get on Cobra for about $600 a month for 18 months and then use the reimbursement account for the 18-20 months that it will pay the Retiree Insurance. By that time you will be very close to Medicare age</p></blockquote><p></p>
[QUOTE="falcon back, post: 5005812, member: 81520"] You can use the Reimbursement account for Retiree Insurance or Open Market insurance. You can't use it for Cobra or if you get on a spouse or another employers plan IF the premiums are taken out pre-tax, which most are. Depending on how old you are, I highly suggest looking into getting on Cobra when you retiree. The premiums are MUCH cheaper than Retiree Insurance. While you do have to pay the entire amount out of pocket, it will make your Reimbursement account last longer when you go that route. Based on getting 25k, sounds like you are about 61. Get on Cobra for about $600 a month for 18 months and then use the reimbursement account for the 18-20 months that it will pay the Retiree Insurance. By that time you will be very close to Medicare age [/QUOTE]
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