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High Health Care Costs Delay Retirement

At a meeting among council members in Tuscaloosa City, the issue of health insurance centered around retirement. The problem stands that many older workers are delaying retirement because of the high cost of health insurance, currently set at around $600 a month. The city is considering paying a greater percentage of the cost, which would allow older employees to retire and be replaced by younger, lower paid employees. The question is whether this would be more cost effective in the long run. The city based insurance is available to those who retire before the age of 65, after which Medicare is available to them. What do you think is the most cost effective way to deal with the situation?

This entry was posted on Wednesday, November 26th, 2008 at 12:45 pm and is filed under Health Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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