Last Call for the Retirement-Medical Gravy Train
Federal reimbursement for high-cost early retirees will begin soon.
For those who've been asleep at the switch, this is a friendly reminder that time is running out to file applications for federal assistance if your government pays early retirees more than $15,000 in medical benefits. Many public employers provide some form of OPEB ("other post employment benefits") to retirees under age 65, and the new health care reform act (ACA as it is known) provides a $5 billion fund for private and public employers with high-cost benefits plans.
Application forms and more information can be found at the website for the Departrment of Health and Human Services.
Don't get your hopes up if your benefits run less than $15,000 per individual, as the program generally applies only to early retirees with higher costs. But if your benefits plan is that generous and you have not yet filed the requisite paperwork, your taxpayers will not be happy that you failed to obtain your share of the pie.
Join the Discussion
After you comment, click Post. You can enter an anonymous Display Name or connect to a social profile.
Obama Takes On Zoning Laws to Address Housing Shortage14 hours ago
To Keep Drug Prices Down, States May Pay Based on Effectiveness14 hours ago
The Never-Ending Debate About Fluoride in Tap Water14 hours ago
Flint Water Investigator Resigns After Drunken Driving Arrest14 hours ago
New Rules Issued for Municipal Courts in Missouri14 hours ago
Portland Converts 600 Bathrooms to Gender-Neutral14 hours ago