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.
The Week in Public Finance: College Ain't Cheap, Green Bond Fever and Job Problems2 days ago
The Other Problem with Guns: Lead Poisoning6 hours ago
Common Core Revolt Goes Local12 hours ago
Alaska Congressman Blames Government Handouts for Suicide12 hours ago
Tracing Ebola in a Hyper-Connected City of 8 Million13 hours ago
The 3 States Not Backing Down Against Gay Marriage13 hours ago