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.
We invite you to discuss and comment on this article using social media.
In the Elusive Search for Affordable Housing, Clues Emerge2 days ago
California Leaders Vow to Fight Trump's Oil Drilling Order Before It's Even Signed11 hours ago
State and Local Governments Express Concern About Trump's Tax Plan12 hours ago
If Trump Defunds 'Sanctuary Cities,’ Public Health Could Suffer12 hours ago
Purdue University's Unprecedented Move to Acquire a For-Profit College13 hours ago
Court: Employers Can Pay Women Less Than Men Based on Their Past Salaries13 hours ago