creekstone
Dryer sheet wannabe
- Joined
- Aug 22, 2014
- Messages
- 15
I could use some help understanding our health coverage options.
I am retired and will turn 65 in August. My wife intends to retire at the end of the year at age 59. Currently we have health coverage from her employer.
Medicare: My current thinking is to get on Medicare as soon as I'm eligible. I assume my wife's employer will simply switch her to a single plan. Part of my logic for getting on Medicare as soon as possible is COBRA...
COBRA: My understanding is that COBRA is a continuation of existing coverage, no exceptions. If so, I would think it is better that I'm not on her company plan when she retires. My wife doesn't want to ask for clarification from her HR department because she doesn't want them knowing her retirement plans. Does anyone know if indeed COBRA is a firm continuation of existing coverage?
ACA: This might be a better option for my wife than COBRA. I'm still in the learning process. But we won't have any significant income, just minimal interest and dividends. Are Roth conversions considered income?
I am retired and will turn 65 in August. My wife intends to retire at the end of the year at age 59. Currently we have health coverage from her employer.
Medicare: My current thinking is to get on Medicare as soon as I'm eligible. I assume my wife's employer will simply switch her to a single plan. Part of my logic for getting on Medicare as soon as possible is COBRA...
COBRA: My understanding is that COBRA is a continuation of existing coverage, no exceptions. If so, I would think it is better that I'm not on her company plan when she retires. My wife doesn't want to ask for clarification from her HR department because she doesn't want them knowing her retirement plans. Does anyone know if indeed COBRA is a firm continuation of existing coverage?
ACA: This might be a better option for my wife than COBRA. I'm still in the learning process. But we won't have any significant income, just minimal interest and dividends. Are Roth conversions considered income?