Retiree insurance

Thesearecrazytimes

Well-Known Member
Hello everyone. I am seriously, seriously, considering leaving Fedex after over 25 years of service. I have another career path I can take, but health insurance will not be included. Can any retirees here share how they handled their health insurance and how expensive is Cobra versus Marketplace? Any insight would be appreciated. Please dont tell me to contact Fedex benefits. I have spent hours getting the runaround there already.
 

Swanson

Henry Swanson's my name, and excitement's my game.
Hello everyone. I am seriously, seriously, considering leaving Fedex after over 25 years of service. I have another career path I can take, but health insurance will not be included. Can any retirees here share how they handled their health insurance and how expensive is Cobra versus Marketplace? Any insight would be appreciated. Please dont tell me to contact Fedex benefits. I have spent hours getting the runaround there already.
@falcon back
 

bacha29

Well-Known Member
Hello everyone. I am seriously, seriously, considering leaving Fedex after over 25 years of service. I have another career path I can take, but health insurance will not be included. Can any retirees here share how they handled their health insurance and how expensive is Cobra versus Marketplace? Any insight would be appreciated. Please dont tell me to contact Fedex benefits. I have spent hours getting the runaround there already.
Too bad Medicare 55 can't gain passage allowing people to buy into Medicare at age 55.
 

NC man

Well-Known Member
Just retired last month,I’m doing Cobra for now,454 month for health.both daughters have their own except one I put on dental and vision for now which was 120 for both of us.
Retiree is 1132 month for just you but I think you can use the RHPA money to help (I heard). Chose Cobra since I can save my RHPA money to use later and get better policy and that money will cover most of premium until 65 and Medicare.
Nothing cheap out there for sure.
 

NC man

Well-Known Member
A decent marketplace policy was about 1k month, even the 600 to say 800 month had high deductibles like 8k and 17k family
 

Fred's Myth

Nonhyphenated American
Just retired last month,I’m doing Cobra for now,454 month for health.both daughters have their own except one I put on dental and vision for now which was 120 for both of us.
Retiree is 1132 month for just you but I think you can use the RHPA money to help (I heard). Chose Cobra since I can save my RHPA money to use later and get better policy and that money will cover most of premium until 65 and Medicare.
Nothing cheap out there for sure.
RHRA money can be used to pay/subsidize health insurance premiums, including Medicare.
 

NC man

Well-Known Member
RHRA money can be used to pay/subsidize health insurance premiums, including Medicare.

Right,my RHPA is 25 k but 42 months from 65 so if I do 12 or 18 on cobra that knocks it down to 30 or 24 months which lets me use around 1k at 24 or around 800 per month at 30.think you can use it for retiree too so at 1132 it would cover most of premium with 24 to go.of course the retiree may go up or WILL go up
 

Fred's Myth

Nonhyphenated American
Right,my RHPA is 25 k but 42 months from 65 so if I do 12 or 18 on cobra that knocks it down to 30 or 24 months which lets me use around 1k at 24 or around 800 per month at 30.think you can use it for retiree too so at 1132 it would cover most of premium with 24 to go.of course the retiree may go up or WILL go up
I actually left out an extremely important qualifier in my statement.

RetireeHealthRetirementAccount can ONLY be used to pay health insurance premiums. My bad.
 

whenIgetthere

Well-Known Member
I actually left out an extremely important qualifier in my statement.

RetireeHealthRetirementAccount can ONLY be used to pay health insurance premiums. My bad.
Can only be used for retiree health policies, marketplace policies, or medicare. I moved over to my wifes healthcare, have less than three years till 65, then I will use the RHPA for my medicare.
 

bacha29

Well-Known Member
Yes. Republicans keep hindering heath care with disastrous election results.
Yet, most if not all of the contributors to this site are all moderately hardline if not extremely hardline Republicans. At the same time there is a key provision under Build Back Better they might not be aware of. Under BBB in addition to the 55 buy in Medicare Plan D enrollees will have a maximum out of pocket prescription cost cap of $2000 per year along with a maximum of $35 for an insulin prescription refill.
The intent here is a first step toward government acquiring to ability to negotiate prescription drug prices in behalf of Medicare Part D enrollees in a manner similar to the one the Veterans Administration uses to procure prescription drugs for it's patients.

If it were to have come to pass I can hear them now hollering...."socialism...socialism".....while filing the enrollment form as fast as they can fill it out.

Unfortunately, it didn't pass therefore in the meantime they'll continue to rotate and shift around their limited resources in the hope that somehow they can get by until they can breathe an enormous sigh of relief for having reached 65 and can enroll in the most egregious form of socialism this country has ever known....Medicare.
 

DriveInDriveOut

Inordinately Right
Well, after all, it IS the Government* that picks up the tab for all these ever-expanding social programs! It's inhumane to exclude anyone from such a noble humanitarian agenda!

* @bacha29 is unaware of WHO 'Government' is.
I've seen her post history.
It's about her dead family member.
She's just upset her inheritance got spent, and the money she had to spend on end of life care.
 
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