Forum Discussion
sdianel_-acct_c
Feb 20, 2014Explorer
Took a buyout at 55 in 2003. Had Cobra retiree insurance until the ACA. Our employer (along with many other employers) sent letters to all their retirees that they would no longer cover retirees health insurance. I was fortunate that I had other insurance. Many had to find policies on the open market since the exchanges were not yet implemented. A few employees found that due to their low retirement income, they qualified for subsidies and actually paid the same or lower premiums. Unfortunately those to still had income weren't that fortunate. To find the premiums and possible subsidies you will need to know your estimated annual retirement income. A bit tricky. I'm still glad I retired!
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