Are You Planning to Continue your Employer's Illinois Health Insurance?
Read this booklet for information on the options available for continuing your health care benefits through your employer after retirement, including:
- An explanation of the automatic premium deduction plan
- IMRF Form 7.10, "Health Insurance Continuation Through Employer - Premium Deduction Authorization."
Health Insurance Continuation
If you plan to retire before age 65, you will need to find insurance coverage and budget for premiums. One option is to purchase an individual health insurance policy. (The IMRF Board of Trustees has endorsed several health insurance programs. Information on these programs can be found in the booklet titled "Are you looking for information about IMRF-endorsed health insurance programs?")
Another option may be health insurance continuation.
Federal and state legislation may require your employer to allow you to continue your health insurance. To learn more, you should ask your employer the following questions:
- Can I continue my group health insurance once I retire?
- If I can continue it, what benefits will be provided, and for how long?
- Can I continue coverage for my dependents?
- How much will the insurance cost?
Resources:
- » More Information on The Technical Terms Used To Describe Health Insurance
- » Learn Some of the Technical Terms Used to Describe Health Insurance Plans
- » More Info on Technical Terms Used to Describe Plan Benefits
- » More Info on Medical Claims, Benefits, Insurers & Much More
- » Information on Family Health Insurance Coverage, Co-Payments & Medical
Articles:
- » New Jersey's Push toward Universal Health Care, Intel's New Health Device, and a New Health Care Reform Group Forms
- » California's Rescission Issues and Their National Implications
- » Health Care Reform's Possible Implications
Illinois Consumers Guide to Health Insurance:
- » Are You Planning to Continue your Employer's Health Insurance in Illinois?
- » Two Different Illinois Health Insurance Continuation Laws for Retired Seniors
- » Continuing Your Illinois Health Insurance under COBRA
- » Continuing Senior Health Insurance under Illinois Law
- » Illinois Health Insurance Continuation Rule of Thumb
- » Illinois Health Insurance Continuation Deductions and Answers
Links: