Fact Pattern 12-2
Paige is 64 years old and would like to retire from her job at an accounting firm. She, however, is concerned about health insurance. She would not be eligible for Medicare benefits until age 65, and due to some serious health conditions, she would not be able to obtain insurance in the private market. She has good health insurance at the accounting firm and is considering putting off her retirement so that she can keep it.
-Which of the following would likely enable Paige to keep her insurance with the accounting firm until she is eligible for Medicare?

Question

Fact Pattern 12-2
Paige is 64 years old and would like to retire from her job at an accounting firm.  She, however, is concerned about health insurance.  She would not be eligible for Medicare benefits until age 65, and due to some serious health conditions, she would not be able to obtain insurance in the private market.  She has good health insurance at the accounting firm and is considering putting off her retirement so that she can keep it.  
-Which of the following would likely enable Paige to keep her insurance with the accounting firm until she is eligible for Medicare?

Quizplus · Accepted Answer

The Consolidated Omnibus Budget Reconciliation Act (COBRA) allows employees and their dependents to continue their employer-sponsored health insurance for a limited period of time after certain qualifying events, such as retirement. Paige could use COBRA to continue her health insurance with the accounting firm until she becomes eligible for Medicare at age 65.

Fact Pattern 12-2 Paige Is 64 Years Old and Would Like to Retire