When a LLNS retiree reaches 65 years old and converts to medicare, is there a continuation of support in the form of a LLNS supplied stipend to cover new medical expenses and if so, how much, and what should one be aware of at this point in time? Considerations? Yes LLNS benefits is another resource, but I’d like to hear from LLNS retirees too. Thanks.
2 comments:
LLNS provided me with an account called HSA "Health
Spending Account". I had 15 years of service and retired at 62.5.
. I have Kaiser Senior Advantage. I get $2500/year and use it to offset my premiums. You can choose to get it in a visa card and use for your copays. medications......hope this helps. Your amount will vary based on years of service
I was under the impression back in 2007 when I was hired as a UC employee from Johnson Controls weeks before the transition. After 20 years of service with TCP 1 they would cover your insurance at retirement… looks like a decision that wasn’t the best now taking in account the 7% after tax that I could have put into a Roth, and still got the 401k match.
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