Carolyn McClanahan, CFP, MD, is the founder and president of Life Planning Partners, Inc. She is a contributor to CNBC, Investopedia, New York Times, Wall Street Journal, and Washington Post, and a ...
COBRA does not extend Medicare's 8-month Special Enrollment Period. The clock starts when active employment ends, not when COBRA expires. The permanent Part B late-enrollment penalty adds 10% per ...
Maintaining health insurance when you are changing jobs or retiring can be a major concern. With layoffs in the news, it is important to consider all of your options if you are not yet eligible for ...
A 64-year-old retires in March. Her employer’s group health coverage ends with her last paycheck, so she elects COBRA for 18 ...
The interaction between employer-provided retiree medical coverage and COBRA[1] is complex. Many employers incorrectly assume they do not have to offer COBRA at retirement if they offer a retiree ...
As we edge into the second quarter of 2024, we continue to see a steady stream of layoff announcements — and employers are still feeling the fallout of pandemic-related hiring frenzies, unpredictable ...
A 64-year-old engineer takes a buyout from a 3,000-person employer in March. He signs up for 18 months of COBRA the same week, figuring he will deal with Medicare when COBRA runs out. Eleven months ...