Planning for Higher Medical Plan Costs in Retirement
One of the greatest expenses you will face in retirement is health care. You may have heard that the premiums will be increasing for early retirees (those who are not yet eligible for Medicare) in 2009. We want to set the record straight and help you plan for the future.
In response to new government accounting rules the County has decided to separate our active employees from early retirees when calculating the premiums for our medical plans beginning in 2009.
NOTE: If you are currently enrolled in Medicare – or will become eligible for Medicare before January 1, 2009 – this change in rate calculation will not affect you, since plans for Medicare-eligible retirees are already rated separately.
Some tools are provided below to help you learn more about this rate calculate change and how it might impact you. If you are planning to retire soon come to one of our Planning for Retirement Workshops to learn more.
If you have additional questions contact the Benefits Information Line at (951) 955-4981 and one of our benefits representatives will be happy to assist you.
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