There are 8 important things that Baby Boomers need to know about health care.
As those aged 65 transition into the medicare system there may be overlap with employee benefits.
Make sure you know what’s available, what you need to pay for, and what works best for you.
U.S. Bureau of Labor Statistics data shows that 52 percent more folks are working beyond their sixty-fifth birthday than there were ten years ago. Recognizing this trend, more corporations are trying to integrate Medicare into their coverage options. Each company seems to have their own way of dealing with the trend and how it impacts company-provided health insurance coverage.
To that end, each employee needs to discover the coverage their employer offers at age 65. With some government and civil service jobs, free health care insurance continues from the date of retirement until death. Many companies also contribute to or pay their retirees’ health care premiums in full. Kaiser Family Foundation says that percentage dropped to 28 percent in 2010 from 40 percent in 1995. In some instances, the employee is covered mostly by Medicare. Other folks are covered primarily by their employer. Further complicating the issue are family members.
