(By – FRED GOLDENBERG, Senior Issues)
I looked at his statement and was aghast to see that nearly 100 percent of his pension was going to cover the health insurance premium for him and his wife. His net check was a little over $50. They both said one more rate increase — which they expect Sept. 1 — and they’ll have to write a check each month to cover the difference.
This scenario has played out far too many times this year. An increasing number of retirees come to see me regarding the runaway premium increases they face with their company retirement health plan. You work for years as a loyal employee and when you need it most they either cut your benefits or charge you so much that it’s impossible to pay for your coverage. Read more…
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