Through this initiative, MetLife aims to bring individuals understanding about retiree health benefits, according to a news release. The program will help them figure out whether they will have enough health insurance until Medicare kicks in at age 65; whether they will need Medicare supplement insurance; and whether their health care needs will even be covered by Medicare.
The new publication from the MetLife Mature Market Institute, Retirement Planning: Healthcare Considerations also points readers to resources for further investigation.
More specifically, the booklet addresses the following issues:
- Planning what early steps to take: the coverage and costs of retiree health benefits and what part of those benefits a spouse’s employer might cover.
- Early Retirement: the Consolidated Omnibus Reconciliation Act (COBRA), private insurance, and health savings accounts (HSAs).
- Medicare: eligibility, coverage, and prescription drug coverage.