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Health insurance lump sum contribution
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<blockquote data-quote="Oldfart" data-source="post: 3797448" data-attributes="member: 64407"><p>The chart and all the info is on the Retirement.fedex.com website. Look at the Retiree Insurance page. I am thinking you must have 10 years but I could be wrong. This money is for you and your spouse so the amounts on the chart can be doubled if you are married. I am looking at the chart now. </p><p></p><p>55 or less is 39,000</p><p>56 37,000</p><p>57 35,000</p><p>60 27,000</p><p>65 11,000</p><p></p><p>You lose between 2k and 3k for each year that I didn't list.</p><p>Sounds like a good amount of money but with retiree insurance costing between 2k and 2300 a month, it will only last 24 to 28 months.</p><p></p><p>It can only be used for premiums but it can't be used to pay premiums if a person gets insurance at another job or jumps on their spouses insurance IF those premiums are PRETAX, which most are these days.</p></blockquote><p></p>
[QUOTE="Oldfart, post: 3797448, member: 64407"] The chart and all the info is on the Retirement.fedex.com website. Look at the Retiree Insurance page. I am thinking you must have 10 years but I could be wrong. This money is for you and your spouse so the amounts on the chart can be doubled if you are married. I am looking at the chart now. 55 or less is 39,000 56 37,000 57 35,000 60 27,000 65 11,000 You lose between 2k and 3k for each year that I didn't list. Sounds like a good amount of money but with retiree insurance costing between 2k and 2300 a month, it will only last 24 to 28 months. It can only be used for premiums but it can't be used to pay premiums if a person gets insurance at another job or jumps on their spouses insurance IF those premiums are PRETAX, which most are these days. [/QUOTE]
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