Although I retired in Jan 2015, I am still being paid until Feb 2016 due to a clause that allows me to forego a lump sum for all of my vacation and sick time and instead be paid bi weekly until all of my discretionary time is exhausted. I chose to receive half pay for twice as long. The benefit is that I can continue with heath insurance at employee rates.
So in Feb, I will either switch to retiree rates which are excessive, or get my own insurance. My employer sent me a waiver of coverage form to sign, but it also states that I "lose any Medicare subsidy previously provided to me by" my employer. What does that mean? If I waive retiree coverage I am not eligible for Medicare?
Mods...please fix the misspelling in the threat title
So in Feb, I will either switch to retiree rates which are excessive, or get my own insurance. My employer sent me a waiver of coverage form to sign, but it also states that I "lose any Medicare subsidy previously provided to me by" my employer. What does that mean? If I waive retiree coverage I am not eligible for Medicare?
Mods...please fix the misspelling in the threat title