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OT: quirky retirement perk

J

JML755

Well-known Member
My wife is quitting her job after 20 years (technically, she's "retiring") to start a new job in a couple of weeks where she'll work for a few years until we both retire.

We looked into the "retiree" health plan from the place, a public university. Not too bad. She can continue her PPO coverage for ...wait for it.... $2400 to $3600 PER MONTH! (depending on 2-person or Family coverage). :shock: Wonder how many retirees take them up on that offer? :roll:

The quirky retirement perk? As an employee, they charge her $6.50 per day now to park in their structure (that's $32.50/week or about $1500/yr). As a retiree, it's FREE!

I'd like to hear the discussion in the HR department on that one. :lol: ("Hey, let's let retirees park here FREE! It won't cost us anything, because.... they won't be coming down here anymore!")
 
When I retired I was supposed to turn in my ID badge, my corporate credit card and my parking pass. I got the first two, but I had lost my parking pass somewhere, so there wasn't much that they could do about it. I found it two weeks later, and still have it. It expires about a week from today.
 
Presumably that price is for COBRA coverage, which the federal government mandates employers to offer when employees are terminated or retire. It's typically very expensive, but pre-ACA it was often the only option for terminated employees with pre-existing conditions.
 
No need to worry about insurance costs, the President PROMISED under external_linkcare a family would save something like $2500 per year and you can keep your plan and keep your doctor blah blah blah. Is that NOT what you are finding ???????? If not Im shocked (yeah right)

John T
 
(quoted from post at 07:02:35 05/22/15) Presumably that price is for COBRA coverage, which the federal government mandates employers to offer when employees are terminated or retire. It's typically very expensive, but pre-ACA it was often the only option for terminated employees with pre-existing conditions.
Click to expand...

No, under COBRA it was about $1900/month but for a limited term, 18 or 36 months. Still, COBRA would be cheaper than just extending their health care group policy without any termination date as illustrated in my post. COBRA would maybe last until my wife could get on Medicare. I'm probably going to go on Medicare with a supplemental PPO policy in August. The problem is that her new employer (another hospital system) contributes very, very little towards health insurance, which surprised both of us. In any case, we'll take a financial hit for a few years but she wasn't very happy in her old job and is looking forward to the new one. I think being happy in her job will make the next few years fly by instead of drag on as she's been counting the days off the calendar waiting for retirement. Just a lot of decisions we're having to make regarding health care at this stage in our life that we didn't expect to have to consider.

I'm sure that we're not alone in this situation and many others on this forum alone are faced with figuring out how to protect their health (financially).
 
Hey that's great and I'm happy for you. Im all for saving a family $2500 per year like external_link promised, NOT a problem. Unfortunately my rates have NOT been reduced that $2500 grrrrrrrrrrrrrr

John T
 
See? That's why it "cheaper" for you. You can't afford it, so you are "saving" the $2500 you were promised.

You didn't mention the deducible. Our plan is cheaper than the one you mentioned but the deducible is $4,000. Would be curious about the deducible on the plan you mentioned.
 
My wife retired from the University of Nebraska. Parking fees were always a big issue with her, too.

She continued a Blue Cross Medicare supplement through NU's insurance plan. It only costs her about $150 per month, plus I get dental coverage through it. I have my own Medicare supplement for $130 per month. As a County Commissioner, I'm eligible for the county's insurance plan, but it won't beat what we already have. The county and I both use the same agent, and she figured all the angles and said it's a draw so no point in rocking the boat.
 
Our rates did not go down, but we have better coverage, and I have been fully covered at the Mayo clinic for cancer treatment, something that not would not have been possible with our previous policy. When president external_link made the statement about keeping your policy he had no idea how many really bad substandard policies there were out there. It was simillar to Bush being misinformed about the weapons of mass destruction that Iraq had, so we had to invade them, that was about a 3 trillion dollar mistake!
 
(quoted from post at 12:30:46 05/22/15) My wife retired from the University of Nebraska. Parking fees were always a big issue with her, too.

She continued a Blue Cross Medicare supplement through NU's insurance plan. It only costs her about $150 per month, plus I get dental coverage through it. I have my own Medicare supplement for $130 per month. As a County Commissioner, I'm eligible for the county's insurance plan, but it won't beat what we already have. The county and I both use the same agent, and she figured all the angles and said it's a draw so no point in rocking the boat.
Click to expand...

I checked several State run Universities retiree health plans. They weren't too bad, similar to your wife's. I would have thought all the colleges in the state would have benefits that were pretty close to each other, guess not.
 
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