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-   -   Basic Question About Health Insurance (https://www.early-retirement.org/forums/f38/basic-question-about-health-insurance-31546.html)

RetireeRobert 12-02-2007 10:29 PM

Quote:

Originally Posted by RASAP (Post 583952)
Hummmm... What if I continue with my company policy and in a few years they decide to change carriers. I wonder if I will be included with the new carrier as a retiree?


I would suggest you do pose that question to your State Insurance Commissioner office.

My own thought is the answer is "yes", you would be included with the new carrier as part of your (former) employer's group (even though you are then retired). I think I recall something, somewhwere about an employer must continue to offer retirees group coverage (if they do offer it at one point) as long as they offer group coverage to existing employees. I cannot remember if this is part of federal rules, or my state rules, or what.

Martha 12-03-2007 11:10 AM

Quote:

Originally Posted by RASAP (Post 583952)

Hummmm... What if I continue with my company policy and in a few years they decide to change carriers. I wonder if I will be included with the new carrier as a retiree?

What does your employment contract say? If you are entitled retiree health insurance, the company has to figure out how to get your retiree health insurance.

RASAP 12-03-2007 12:41 PM

Quote:

Originally Posted by Martha (Post 584091)
What does your employment contract say? If you are entitled retiree health insurance, the company has to figure out how to get your retiree health insurance.

Sounds right to me. I'll be checking into this.

One thing that occured to me over the weekend: If I continue my company insurance, it will not be an HSA plan. What dollar value can be placed on an HSA plan when comparing options?


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