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Your employer doesn't offer the company healthcare plan for retirees?
Companies started offering health benefits in/around WWII when it was hard finding people to come to work, and they needed a cheap perk.
The first employer-sponsored hospitalization plan was created by teachers in Dallas, Texas in 1929.[23] Because the plan only covered members' expenses at a single hospital, it is also the forerunner of today's health maintenance organizations (HMOs).[23][24][25]In the 1930s, The Roosevelt Administration explored possibilities for creating a national health insurance program, while it was designing the Social Security system. But it abandoned the project because the American Medical Association (AMA) fiercely opposed it, along with all forms of health insurance at that time.[26]The rise of employer-sponsored coverageEmployer-sponsored health insurance plans dramatically expanded as a direct result of wage controls imposed by the federal government during World War II.[23] The labor market was tight because of the increased demand for goods and decreased supply of workers during the war. Federally imposed wage and price controls prohibited manufacturers and other employers from raising wages enough to attract workers. When the War Labor Board declared that fringe benefits, such as sick leave and health insurance, did not count as wages for the purpose of wage controls, employers responded with significantly increased offers of fringe benefits, especially health care coverage, to attract workers.[23]President Harry S. Truman proposed a system of public health insurance in his November 19, 1945, address. He envisioned a national system that would be open to all Americans, but would remain optional. Participants would pay monthly fees into the plan, which would cover the cost of any and all medical expenses that arose in a time of need. The government would pay for the cost of services rendered by any doctor who chose to join the program. In addition, the insurance plan would give a cash balance to the policy holder to replace wages lost due to illness or injury. The proposal was quite popular with the public, but it was fiercely opposed by the Chamber of Commerce, the American Hospital Association, and the AMA, which denounced it as “socialism.”[27]Foreseeing a long and costly political battle, many labor unions chose to campaign for employer-sponsored coverage, which they saw as a less desirable but more achievable goal, and as coverage expanded the national insurance system lost political momentum and ultimately failed to pass. Using health care and other fringe benefits to attract the best employees, private sector, white-collar employers nation-wide expanded the U.S. health care system. Public sector employers followed suit in an effort to compete. Between 1940 and 1960, the total number of people enrolled in health insurance plans grew seven-fold, from 20,662,000 to 142,334,000,[28] and by 1958, 75% of Americans had some form of health coverage.[29]
A couple years ago I ran into a friend that worked on the Fire Dept. with me. I asked him how he liked retirement and he told me, "I get up in the morning with nothing to do, at the end of the day I've only got half of it done."
And he's right! ;D
Most don't, any more. You can carry on the existing company plan under COBRA if you pay the monthly premiums (about $850 for me) and that lasts about 18 months. Then it's go for what you can get ... ! Companies started offering health benefits in/around WWII when it was hard finding people to come to work, and they needed a cheap perk. But like anything else you offer to people cheap, they'll overuse the H out of it, and then it gets expensive .... This retiree is looking to get hooked up with a group of local providers that don't deal with "insurance". You pay to keep them on a "retainer" and then just pay cash for services at a massively discounted rate. Instead of there being two doctors and 12 admins in the office, there's 8 doctors and 1 admin .... probably a model for the future.Lannis
Interesting concept Lannis but what about specialities, cardiology, orthopedics, oncology, general surgery, dermatology, hematology and on on the long list goes. What happens if you end up in the hospital/surgery or whatever? Hospitals are extraordinary expensive.
Congratulations John. All the best for your retirement.For me, it is the end of this year when the firm mostly closes down for the Christmas break. I went down to a 4 day week about a month ago and am really loving that. Whetting my appetite for full retirement. We have a Govt superannuation scheme here where you get paid no matter assets you have. ;-T That starts at age 65. ....
.... Have something to do that you *care* about doing. ;D If you don't, you'll end up doing *something* just to keep from being bored. ... Me? I like Airplanes, motorcycles and beer. ;D :BEER:
Since I retired I don't have time for sh!t.
The other issue is that doctors and health providers go out of business and retire. How do you hand that issue?
My retirement plan covers the same insurance my employer did. No change. Which is good because right in the middle of all our plans my wife's cancer came back. >:(
Retired 6 years ago. Too healthy to do nothing. If you think working is hard, try NOT working. Humanoids are designed to produce. Been doing all kinds of jobs since. Still, it's nice not to have to depend on an employer for your very existence.
My issue with work, is around unsavoury need to work 7-5. Its rare to find flexible work hours especially around a shorter work day or work week. Companies that I have worked for demand that you to work longer and be available 24X7, there is no such thing as work life balance.....