Continuation of Health and Life Insurance
- How does retirement affect my eligibility for group health and life insurance coverage?
A provision is made in the retirement law for the withholding of monthly premiums for your continued coverage in a group health and life insurance program sponsored by the governmental unit by which you are employed at the time of retirement.
While continuation of insurance coverage for retirees is an optional matter for the various governmental units in the Commonwealth, most cities and towns have accepted the necessary provisions of the law which permit them to be able to provide this service. The availability and type of such benefit varies widely from municipality to municipality, and members who are considering retirement are advised to check with their retirement board about whether the relevant governmental authorities have voted to extend this benefit.
|Date published:||July 1, 2015|